- List of Figures
- List of Tables
- Foreword by Gary S. Becker
- List of Contributors
- An Economic Perspective on the Notion of ‘Human Capital’
- A Social Perspective: Exploring the Links between Human Capital and Social Capital
- Global Culture Capital and Cosmopolitan Human Capital: The Effects of Global Mindset and Organizational Routines on Cultural Intelligence and International Experience
- Cognition and Human Capital: The Dynamic Interrelationship between Knowledge and Behavior
- A Capital-Based Approach to the Firm: Reflections on the Nature and Scope of the Concept of Capital and its Extension to Intangibles
- Human Capital and Transaction Cost Economics
- Human Capital and Agency Theory
- Human Capital in the Resource-Based View
- Human Capital, Entrepreneurship, and the Theory of the Firm
- The Firm, Human Capital, and Knowledge Creation
- Human Capital, HR Strategy, and Organizational Effectiveness
- How Organizations Obtain the Human Capital they Need
- Aligning Human Capital with Organizational Needs
- Maximizing Value from Human Capital
- Accounting for Human Capital and Organizational Effectiveness
- Interdependencies between People in Organizations
- Understanding Interdependencies between Human Capital and Structural Capital: Some Directions from Kantian Pragmatism
- The Distributed and Dynamic Dimensions of Human Capital
- Human Capital and the Organization–Accommodation Relationship
- Interdependencies between People and Information Systems in Organizations
- Human Capital, Capabilities, and the Firm: Literati, Numerati, and Entrepreneurs in the Twenty-First-Century Enterprise
- Looking to the Future: Bringing Organizations Deeper into Human Capital Theory
- Human Capital Formation Regimes: States, Markets, and Human Capital in an Era of Globalization
- Human Capital in Developing Countries: The Significance of the Asian Experience
- The Future of Human Capital: An Employment Relations Perspective
Abstract and Keywords
This article discusses how the shift to a knowledge-based economy has propelled firms' human capital (HC) and associated intellectual resources to center stage. It notes that while organizational researchers have highlighted the increasingly strategic role of HC, and despite a growing realization among firms that their human-knowledge resources are becoming more important, managerial awareness of the value of HC remains low. The article suggests that HC management, measurement, and reporting are increasingly vital capabilities that all organizations will need to acquire. It proceeds to analyse the nature of HC, trace the evolution of HC accounting, identify current accounting challenges, and describe contemporary frameworks that are seeking to address these challenges. The article defines HC within organizations as ‘employee capability, knowledge, innovation, adaptability, and experience’, noting that it is typically represented as one element in a tripartite framework of intellectual capital, the other two being relational capital and organizational capital.
Robin Kramar is a Professor and Deputy Dean and Director of Accreditation at MGSM, Macquarie University. She has a particular interest in human resource management, diversity management, and education for sustainability. She represents Australia in the Cranet Network which undertakes comparative, longitudinal research in more than 40 countries. She is Associate Editor of Asia Pacific Journal of Human Resources, and serves on the editorial board of Journal of Chinese HRM and Asia Pacific Journal of Business Administration. She has co-authored and co-edited eight books on Australian human resource management and has more than sixty publications in refereed journals and books.
Vijaya Murthy is a lecturer and a Ph.D. student at the Discipline of Accounting, University of Sydney. Vijaya's focus is on intellectual capital research; in particular, human capital. She is interested in developments in human capital accounting. She is currently doing research on the managerial use of non-financial performance information in practice, and is specifically examining how management uses information on workplace flexibility to mobilize the different elements of intellectual capital.
James Guthrie is a Professor at Bologna University and an Honorary Professor at the University of Sydney. His research and teaching interests include public sector accounting, auditing, accountability and management, social and environmental reporting and auditing, management of knowledge and intellectual capital, and the measurement of intangibles. He has published 145 articles in both international and national refereed and professional journals, and over 35 chapters in books. He is also co-editor of eight public sector management and accounting books, and has presented his ideas and research findings to over 280 national and international gatherings.
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