Direct and moderating effects of human capital on strategy and performance in professional service firms: A resource-based perspective

Michael A. Hitt, Leonard Bierman, Katsuhiko Shimizu, Rahul Kochhar

Research output: Contribution to journalReview article

1216 Citations (Scopus)

Abstract

The current study examines the direct and moderating effects of human capital on professional service firm performance. The results show that human capital exhibits a curvilinear (U-shaped) effect and the leveraging of human capital a positive effect on performance. Furthermore, the results show that human capital moderates the relationship between strategy and firm performance, thereby supporting a resource-strategy contingency fit. The results contribute to knowledge on the resource-based view of the firm and the strategic importance of human capital.

Original languageEnglish
Pages (from-to)13-28
Number of pages16
JournalAcademy of Management Journal
Volume44
Issue number1
DOIs
Publication statusPublished - 2001 Feb
Externally publishedYes

ASJC Scopus subject areas

  • Business and International Management
  • Business, Management and Accounting(all)
  • Strategy and Management
  • Management of Technology and Innovation

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