Components Of Human Capital Research Articles

ОСОБЕННОСТИ ФОРМИРОВАНИЯ И РАЗВИТИЯ ЧЕЛОВЕЧЕСКОГО КАПИТАЛА В АГРОПРОМЫШЛЕННОМ КОМПЛЕКСЕ РОССИЙСКОЙ ФЕДЕРАЦИИ

The article presents the main indicators of the development of the agro-industrial complex of the Russian Federation for 2013-2023. The reasons for achieving such indicators in the agroindustrial complex are determined. The main purpose of the scientific article is to consider the theoretical and methodological foundations of human capital management, analyze current approaches in human capital management, determine the level of development of human capital components and the very role of the human capital management system for the effective functioning of the agro-industrial sector of the Russian economy. To achieve this goal, the article identifies the specific features, conditions and factors of the formation of human capital indicators in Russia, which are considered from the point of view of a comparative analysis of the advantages and disadvantages of methodological approaches to human capital management in the agro-industrial complex of the Russian Federation. The article also proposes to consider the author's cybernetic (digital) model for the formation of balanced human capital in the agro-industrial complex of the Russian Federation, which can help accelerate the development of human capital indicators by creating conditions for global information exchange and professional development. The approaches and views considered in the formation of human capital allow us to focus attention and point out the special role of human capital in the development of agriculture. The obtained research results make it possible to summarize the existing trends in the development of human capital in the agro-industrial sector of the country's economy and supplement them with new theoretical knowledge about it, which can be useful for subsequent scientific activity in the formation of innovative conceptual.

Synergy of risk management and organizational behavior in the context of ensuring economic security of enterprises

In the modern, rapidly changing world, enterprises of any ownership structure, scale, and industry face numerous challenges that require flexibility and swift responses to external threats and internal shifts. This is particularly relevant in the context of globalization and increasing risks associated with rapid technological innovations, economic disruptions, and market instability. The study is aimed at identifying the key aspects of the synergy between risk management and organizational behavior in the context of ensuring the economic security of enterprises. Based on a review of theoretical sources, the importance of integrating the two domains—risk management and organizational behavior—was revealed as a means to enhance the resilience of enterprises. The so-called «intersection point» between these domains has been identified, allowing firms to improve their ability to respond to risks and mitigate their negative impacts. This intersection is critically important, as risks and threats are an inherent part of business operations in the face of ongoing uncertainty and a rapidly changing business environment. Significant attention in the research is devoted to the human capital component as the foundation of the synergy between risk management and organizational behavior. It has been found that human capital plays a key role in ensuring the economic security of enterprises, as qualified and motivated employees are better equipped to identify risks, respond effectively, and develop strategies to minimize their impact. The article emphasizes the importance of developing adaptive capabilities among personnel, which allows enterprises to remain competitive even under challenging conditions. Additionally, psychological factors influencing decision-making in the context of risks are examined. The application of prospect theory provides a deeper understanding of how individual and group decisions are shaped by risk perceptions. Psychological aspects, including stress levels, individual differences in risk perception, and the influence of collective decision-making, are integral components affecting the effectiveness of risk management. These factors often determine how successfully an enterprise can manage risks and respond to challenges, especially in uncertain environments. Thus, the synergy between risk management and organizational behavior not only enhances the resilience of an enterprise but also establishes new approaches to strategic management. This enables businesses not only to survive but also to thrive in the fast-changing conditions of the modern market.

INVESTMENT IN INTELLECTUAL CAPITAL AND ITS IMPACT ON THE PROFITABILITY OF ISLAMIC BANKS IN INDONESIA

Introduction: Islamic banks in Indonesia show significant potential, although their current asset contribution is only 1,9 percent of total Islamic banking asset globally. This is quite a contrast to Indonesia’s title as the country with largest Muslim population in the world, as well as its ambition to become the center of the global sharia economy. One of the efforts that can be made to achieve this goal is by increasing the assets of Indonesian Islamic banks through enhancing their profitability. Methods: This research uses secondary data from eight Sharia Commercial Banks (BUS) in the 2014-2022 period. A static panel regression model is used to examine the impact of Intellectual Capital on the profitability of BUS using Stata 17 application. The dependent variable is profitability, while the independent variables are IC and its components (Human Capital, Structural Capital, Customer Equity, and Relational Capital). The control variables consist of the ratio of total equity to total assets (EQA), non-performing financing (NPF), inflation, and the COVID-19 phenomenon. Results: This study analyzes the impact of intellectual capital (IC) on the profitability of Islamic banks in Indonesia. The results show that IC has a significant positive effect on profitability. The components of human capital (HC) and capital employed (CE) contribute positively, while structural capital (SC) and relational capital (RC) do not have a significant impact. Conclusion and suggestion: Findings of this research indicate that improving human resource competence and optimizing equity capital can enhance the profitability of Islamic banks, whereas investments in organizational structure, technology, and promotion do not yield significant effects. This study also provides policy implications for regulators and bank management in more effectively allocating IC investments. Additionally, the research suggests that Islamic banks should focus on digitalization and financial innovation to strengthen their performance.

Managerial ability and firm growth: intellectual capital components

PurposeThis study analyses the way various components of intellectual capital (IC), namely, human capital (HC), structural capital (SC), relational capital (RC) and innovation capital (INNC), act as mediators in the relationship between managerial ability (MA) and a firm’s ability to achieve growth.Design/methodology/approachThis study employs data envelopment analysis to quantify the MA of 825 Taiwanese listed electronics companies from 2017 to 2022. The proxies of firm growth are return on asset growth, operating income growth and total asset growth. This study then utilises a three-step mediation analysis methodology to examine the relationships between MA, IC and firm growth.FindingsFindings indicate that HC, SC, RC and INNC mediate the link between MA and firm growth. This suggests that competent managers can capitalise on the potential benefits of these investments to achieve firm growth.Practical implicationsCompetent managers can utilise different IC investments to grow the financial performance and strength of their businesses. Managers should continually scan, secure opportunities and adjust their investments in knowledge assets in accordance with the dynamic capabilities view. That is, managers, in general, and operations managers, in particular, can implement guidelines that prioritise IC investments in the future to expedite firms’ development.Originality/valueThis study extends the existing frameworks that study investment variables as mediators between MA and firm outcomes. Most particularly, this study adopts four components of IC for measurement. Moreover, firm performance is measured using dynamic growth indicators rather than static measures.

Research on the Development, Measurement, and Role of Universities in New Productive Forces

As the global economy undergoes rapid transformation, traditional productivity models based on material inputs, such as labor and capital, are increasingly replaced by new qualitative productivity, driven by knowledge, technology, and innovation. This study explores the development and measurement of new qualitative productivity, focusing on the role of universities. Key components of new qualitative productivity, including innovation, technological progress, human capital, and information resources, are examined. The Entropy Weight Method (EWM) is introduced as a tool for measuring new qualitative productivity, dynamically adjusting the weights of multiple indicators based on their variability. While current applications of EWM provide objective static measurements, the need for dynamic frameworks to capture temporal changes and the long-term impacts of innovation is emphasized. The study also evaluates the Total Factor Productivity (TFP) model as a macro-level measurement tool. Furthermore, the role of universities in advancing new qualitative productivity is highlighted through their contributions to scientific research, technology transfer, and talent development. The paper concludes by proposing the adoption of advanced dynamic measurement frameworks to better assess the sustained effects of innovation on productivity growth.

The influence of reflexive modernity on the change of human capital

Relevance is due to the need to revise approaches to the theoretical understanding of the concept of "human capital" in modern society, since it is considered as a resource for the development of society, solving many current social problems, as well as confronting new risks. The concept of "reflexivity" as a social phenomenon also needs conceptual development. It is also necessary to identify the relationships between these phenomena.The purpose is to consider how the content of the phenomenon of human capital is transformed in the conditions of the formation of the socio-cultural structure of the information society, including the growing reflexivity of social interaction.Objectives: to identify the key features of understanding the phenomenon of reflexivity (reflection) in philosophy, psychology, sociology; the specifics of this phenomenon in the context of the formation of the information society, as well as the impact of this process on the content component of human capital in modern society.Methodology. The author relies on the achievements of related sciences in the field of the study of reflexivity. The analysis of the problem is based on the ideas and principles of systemic, synergetic, activity-based approaches, as well as the provisions of the theories of emergent effects and human capital.Results. The article substantiates the idea that the transition to a new type of social organization, accompanied by the appearance of new characteristics in the social system, led to the development and strengthening of the importance of reflexivity of society. At the same time, the requirements for the individual are changing and the content of human capital is being revised. This process is conditioned by the need to increase awareness, objectivity of ideas about the system of social relations in conditions of expanding individual freedom, its role in social processes, increasing the volume of information produced by society and the subjects involved in this process.Conclusions. Reflexivity as a characteristic of the social system appears at the later stages of the development of society. The basis of its formation was the evolution of psychological processes in humans and a qualitative change in the organization of society. On the one hand, there is an expansion of the potential of the individual and society, on the other ‒ the risks they have to face. Objectively the content of human capital is expanding, and social demands on it are growing. The ability to reflect seems to be an integral part of it. It involves the mastery of a person's ways of thinking and intellectual techniques for perceiving processes and events in society, which was previously the lot of the elite; internalization, rather than declaring universal values.

Unbundling returns to postsecondary degrees and skills: evidence from Colombia

ABSTRACT Using longitudinal data of college graduates in Colombia, we estimate labor market returns to postsecondary degrees and to various skills—including literacy, numeracy, foreign language, and field-specific skills. Graduates of academic programs and schools of higher reputation obtain higher earnings relative to vocational public programs. A one standard deviation increase in each skill predicts average earnings increases of 1–3%. Returns vary along the earnings distribution, with tenure, with the degree of job specialization, and by gender. Our results imply that degrees and skills capture different human capital components that are rewarded differently in the labor market.

Grossman’s Generalised Health Demand Model: An Application on Türkiye

Health is the main source of economic activity and human capital. Each individual wants to be healthy throughout her life in order to maximize his/her individual benefit and strives for this. In this study, which examined the health demand of individuals, Grossman's health demand (consumption and investment) model, which pioneered research on health demand, was referenced. The demands of 25825 individuals for medical care included in the 2016 and 2019 health research micro datasets in Türkiye were examined using the negative binomial regression model. In addition, the effects of human capital components (education, income, etc.) on the general health status of individuals were analyzed using the ordinal logit model. Health demand is influenced by economic variables as well as social and cultural factors and individuals' life behaviors. Such variables are also included in the analysis. According to the results, it was seen that individuals with chronic diseases are more likely to receive medical care than those who do not have such a disease. Besides, it was concluded that education, income, and sports exercises improve the health status of individuals, whereas aging and an increase in the number of diseases worsen the health status.

THE IMPACT OF HUMAN CAPITAL DEVELOPMENT ON ENVIRONMENTAL PERFORMANCE

Modern society is faced with many environmental problems that require the development of new, most effective solutions, which can be implemented through the development of the level of human capital, since the main result of its development is the use of accumulated knowledge and competencies in order to obtain rent and solve the most important socio-­economic problems. However, despite the importance and relevance of solving environmental problems, today methods for assessing the impact of human capital on environmental activities are beyond the achievements of modern economists. The purpose of this study is to propose a method for quantitative assessment of the influence of human capital on the development of environmental activities. The main hypothesis is that the development of human capital is the main driver of the development of environmental activities. The information base for the study was the data from the official statistical collection of the Federal State Statistics Service for the period 2015–2022, which determines the representativeness and reliability of the study conducted by the author. A tool for quantitative assessment of the influence of the dynamics of human capital development on the dynamics of financing environmental activities is proposed — ​the coefficient of the influence of human capital on environmental activities. Based on the correlation and regression analysis carried out, an assessment was made of the influence of the dynamics of human capital development on environmental activities, and the importance of the development of education as the main component of human capital was determined. The proposed regression model allows for a quantitative assessment of the impact of human capital development on environmental activities. This will be useful for assessing the effectiveness of environmental activities.

The Role Of Investment In Education In Enhancing Economic Welfare

This research aims to explore the role of education as an investment in enhancing economic welfare. The study investigates how education, as a crucial component of human capital, contributes to economic well-being by promoting economic growth, job creation, productivity improvement, and reducing income disparities. Utilizing qualitative methods with a literature review approach, this study evaluates empirical evidence supporting the positive relationship between investment in education and various economic benefits. The findings indicate that investment in education significantly impacts economic growth by increasing workforce productivity, stimulating innovation, and reinforcing economic infrastructure. Furthermore, education investment fosters job creation by enhancing workforce skills, supporting the education and training sector, and promoting innovation and entrepreneurship. Additionally, the study highlights that quality education enhances productivity by developing technical, analytical, and creative skills, improving resource utilization, and facilitating technological adoption. Lastly, the research underscores that investment in education reduces income disparities by ensuring equal access to education, increasing social mobility, and reducing skill gaps. The policy implications emphasize the need for sustainable education investments, strengthening skill training, and fostering an environment conducive to innovation and entrepreneurship. This study provides essential insights for policymakers to design inclusive and sustainable economic growth strategies, demonstrating that education is a pivotal investment for enhancing the economic well-being of communities.

The Role of Human Capital Components in Gender Wage Inequality in India

This study investigates the gender wage gap in the Indian labour market by analysing a range of human capital components, including education, work experience, cognitive and technical skills and occupational choices, using data from the India Human Development Survey 2011–2012. We employ the recentred influence functions (RIF) regression and Firpo, Fortin and Lemieux (FFL) decomposition techniques. The results from the RIF regression analysis underscore the significant role of education, work experience, skills and occupation in wage inequality. While education and English language proficiency lead to widening wage inequality for both men and women, the effects are much larger for the latter. Next, the FFL decomposition unveils a positive gender wage gap, indicating potential favourable returns for women’s qualifications and skills, yet it exposes a concerning wage structure effect suggesting women are often employed in lower-paying jobs. These results suggest that enhancing education and skills among women can be important tools in reducing gender wage inequality. JEL codes: E24, J24, J16

Shaping the future Entrepreneurs: Influence of human capital and self-efficacy on entrepreneurial intentions of rural students

This study explores the determinants of entrepreneurial intentions among rural students in Oman's Dhofar region, focusing on self-efficacy, skills, and education as components of human capital. Using Bandura's social cognitive theory, a quantitative approach examines how psychological factors and experiential learning influence entrepreneurial intentions. Data from 467 randomly selected students were collected via self-reported surveys. Results show a significant positive relationship between self-efficacy and entrepreneurial intentions, with higher self-efficacy levels correlating with greater entrepreneurial inclination. Skills also positively impact entrepreneurial intentions, highlighting the importance of diverse skill sets. Additionally, self-efficacy moderates the relationship between skills and intentions, suggesting that high self-efficacy enhances the translation of skills into entrepreneurial ambitions. Unexpectedly, no significant correlation between education and entrepreneurial intentions was found. This study emphasizes the importance of psychological factors and experiential learning in shaping entrepreneurial intentions in unique socio-cultural and economic contexts. Insights can help policymakers and educators promote entrepreneurship and economic development in rural communities, fostering resilience and empowerment. This research enriches our understanding of entrepreneurship in diverse settings by examining the under-researched Dhofar region.

Rediscovering human capital in the conditions of reflexive modernity

Relevance. The relevance is due to the need to revise approaches to the theoretical understanding of the concepts of «human capital» and «reflexivity» as social phenomena, the need to identify the relationship between these phenomena.The purpose is to show the possibilities of expanding the understanding of the phenomenon of human capital based on the analysis of existing theoretical approaches of various sciences to the concept of «reflexivity».Objectives: to study the peculiarities of understanding the phenomenon of reflection in philosophy, psychology, sociology and to highlight the meaningful characteristics of reflexivity as a component of human capital in modern society.Methodology. The author relies in the study on the possibilities of an interdisciplinary approach to the study of the phenomenon of reflection. The sociological analysis is based on the ideas and principles of systemic, synergetic, sociocultural approaches. The starting point for the analysis of the phenomenon of human capital was the concept of V. S. Golubev.Results. The article substantiates the idea that the transition to a new type of social organization, accompanied by the appearance of new characteristics in the social system, led to the development and strengthening of the importance of reflexivity of society. At the same time, the requirements for the individual are changing and the content of human capital is being revised. This process is conditioned by the need to increase awareness, objectivity of ideas about the system of social relations in conditions of expanding individual freedom, its role in social processes, increasing the volume of information produced by society and the subjects involved in this process.Conclusions. Reflexivity as a characteristic of a social system has appeared relatively recently. The basis of its formation was the evolution of human psychological processes and a qualitative change in the living conditions of society. There is an expansion of the potential of the individual and society, and, on the other hand, the risks that she has to face. The ability to reflect is considered as part of the intellectual and spiritual capital of the individual. It presupposes the activity of the individual in the perception of social processes and events, which was previously the lot of the elite, the development of sophisticated intellectual mechanisms for working with information, analyzing their own and others' experiences.

Personality traits and technical efficiency of Chinese rice farmers

Abstract Given the complex managerial tasks and the risks and uncertainties involved in agricultural production, it is expected that personality traits may play an integral role in shaping farmers’ performance. This study uses a large rural household survey dataset collected in three rice-producing provinces in China to examine this proposition. We find that openness to experience and internal locus of control have favourable effects on technical efficiency (TE), while agreeableness and neuroticism are associated with lower TE. Cognitive skills, as measured by years of education, do not contribute to higher TE of the interviewed farmers. These results imply that the motivational component of human capital (i.e. personality traits) is of greater importance for a farmer’s managerial performance than cognitive skills attained through current formal education. The effectiveness of policies aimed at improving rural welfare may be enhanced by adapting agricultural training programmes to include fostering entrepreneurial and social skills, especially for those with unfavourable personality traits for agricultural production, in addition to improving agricultural knowledge.

The impact of intellectual capital on ROA as a significant indicator of financial performance

In the modern business, organizations that recognize the value of intellectual resources and incorporate them into their business strategy have a greater chance of long-term success. Through continuous learning, employee development and establishing strong relationships, organizations can improve their competitive position in the market. In this regard, the aim of the paper is to examine the impact of intellectual capital, i.e., its components of human, structural and relational capital, on ROA as a significant indicator of financial performance. For the preparation of the paper, secondary data were used, which were processed with the help of the VAIC method, and then the obtained results were further analyzed using the IBM SPSS program. HCE was found to affect ROA, while SCE and CEE did not. The results of this research contribute to companies to adequately create a business strategy that contains an incorporated ratio of intellectual capital components, with an emphasis on human capital, which is the basis for the success and progress of organizations in the knowledge economy.

КОНЦЕПТУАЛЬНЫЕ ОСНОВЫ ЧЕЛОВЕЧЕСКОГО КАПИТАЛА

The article provides various definitions and interpretations of the concept of human capital by domestic and foreign researchers. The chronology of the development of the theory of human capital is revealed. The contribution and significant scientific works of foreign and domestic economists-researchers of human capital problems are analyzed. The features and justification of various concepts in the study of the theory of human capital are presented: "income function", the concept of "overtaking", "earnings function", the new economic theory of the family. The structure, types, components of human capital, investments in human capital, characteristics of the human development index are presented. The competence-based approach in education and its features, investments in human capital as the basis for the development of competitiveness of economic entities and the national economy are substantiated.

Assessment in the efficiency of investments in human capital in the conditions of digital transformation of the economy

The article considers the concept of “investment in human capital”, presents a theoretical and instrumental interpretation of the main components of human capital. The current assessment methods and indicators that characterize the effectiveness of investments in human capital are summarized. Also, a comprehensive and critical analysis of the current methodological aspects for assessing the effectiveness of investments in human capital was made. Education is considered as a property in the form of professional features and self-growing value on the basis of increasing labour productivity of an employee, which is correspondingly distinguished by the growth of wages. Creation of the methodology for assessing the economic efficiency of investments in education at the macroeconomic level is based on the comparison of public investments in education and average wages in the country. The average wage is considered as a productive indicator of the effectiveness of investments in education. The money that is spent on the education of the younger generation, in the foreseeable future will establish the degree of education of the population of the state and, in turn, its competitive advantage in the global community. The proposed model for assessing the effectiveness of investment in education is simple and convenient, it is able to link the efficiency of the firm's activities and the cost of human capital. The article shows the results of the assessment of investment efficiency of the implementation of the State Programme of Education and Science Development of RK for 2020–2025. The analysis of statistical data for Kazakhstan also shows the existence of a close relationship between the remuneration of employees and the volume of investment in education. The article has both theoretical and practical relevance, as it is related to the State Programme “Digital Kazakhstan” with the direction “Human Capital Development” and the topic is in relevant.

Nonlinear effects of ‘normal traumas’ on human capital

The article considers the complication of social and cultural traumas under the global-local complexity and the transition to the dominance of nonlinear development. One of the types of the contemporary complex traumas is the ‘normal trauma’ that manifests itself as ‘naturally’ occurring fluctuations, bifurcations, gaps, paradoxes and metamorphoses. The consequences of ‘normal traumas’ for the formation of human capital are ambivalent: on the one hand, they deform the existing values and norms, previously acquired important competences and skills, thereby, knowledge becomes unclaimed; on the other hand, they encourage the creation of new qualities of human capital, necessary for adaptation to complex, nonlinearly developing realities. The author focuses on the ‘normal traumas’ of human capital, which are caused by the processes of globalization, rationalization, digitalization and the post-covid-19 consequences. The author argues that ‘normal traumas’ can and should be managed to minimize and overcome their dysfunctional, dehumanizing effects in order to develop new creative and humane components of human capital. To achieve this goal, the author suggests applying the theoretical-methodological instruments of the humanistic digital turn, ‘rediscovery’ of the significance of substantive rationalities and national-local lifeworlds, and introduction of innovative approaches to the formation of human capital under the effects of global-local complexity and nonlinearity. The author makes a conclusion about the need for the national strategy for the formation of human capital and national-cultural answers to ‘normal traumas’, based on the features of the Russian culture.

A new macroeconomic measure of human capital exploiting PISA and PIAAC: linking education policies to productivity

ABSTRACT This paper develops a new measure of human capital, calculated as a cohort-weighted average of the quality of education (PISA scores) and the quantity of education (mean years of schooling). Contrary to the existing studies, the relative weights of quality and quantity are estimated (and not calibrated). The quality of education is estimated to be three to four times more important for education than the quantity of education. The new measure has a strong link to productivity, which materialises with long lags. Productivity gains are much greater from improvements in the quality than quantity component of human capital.

Mediating role of leadership and group capital between human capital component and sustainability of horticultural agribusiness institutions in Indonesia

Abstract Farmers’ institutions are currently more cultural and primarily oriented only to getting government facilities. Farmers’ institutions have not been directed at utilizing access to various technological information, capital, and markets needed to develop horticultural agribusiness. Nevertheless, almost all farmers’ institutions exist in rural areas, but not all existing institutions can survive and carry out their functions sustainably. The research objective was to examine the impact of human capital through leadership and group capital on the sustainability of horticultural agribusiness institutions. The study was carried out at Uluere District, Bantaeng Regency, which is designated as a horticulture agribusiness development zone in South Sulawesi, Indonesia. The sample selection was conducted using a simple randomized method, where 10% of the overall population was chosen. This method resulted in a sample size of 233 respondents for this study. The data gathering was done during September and November of 2022. Moreover, to acquire findings about the effect of human capital on the long-term viability of institutional agribusiness horticulture, we conducted an analysis using the Structural Equation Modeling (SEM) method. The findings indicated that individual capability, individual motivation, organizational climate, and workgroup effectiveness were key factors of human capital that directly impact institutional strengthening. These factors were found to have positive and statistically significant connections. In addition, leadership and group capital connected the many aspects of human capital to the sustainability of horticultural agribusiness. The results of this study will significantly enhance ongoing efforts to formulate a plan aimed at mitigating rural development challenges, especially in Indonesia.