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 articlepeer-review

1257 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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