Value Of Human Capital Research Articles

Human Capital Culture and Firm Value in Indonesia’s Agribusiness: Aligning HRM Practices with Sustainable Development Goals

This study explores the impact of human capital culture on firm value within Indonesia's agribusiness sector, focusing on employee compensation, care, and training. In alignment with Sustainable Development Goals (SDGs) and Indonesia's Vision 2045, the research examines how these human resource management (HRM) practices influence two key financial metrics: market value and total assets. Using secondary data from 2019 to 2023, the study applies panel data regression to assess the effects of compensation, employee care,training and earnings after tax (EAT) on firm value. The findings reveal that compensation significantly impacts both market value and total assets, while EAT positively influences market value. However, the effect of training on firm value is not immediately observable, suggesting a lagged impact. These results underscore the critical role of employee compensation in enhancing organizational performance and financial outcomes in agribusiness. The study provides valuable insights for policymakers and industry leaders aiming to align HRM practices with sustainable economic growth.

Predicting Entrepreneurial Success in the Digital Economy Using Machine Learning Techniques

The features of intelligent entrepreneurship as it becomes a social phenomenon in national economies and the effects of this phenomenon on the economy are explored in this paper. There is evidence that the environment of modern entrepreneurship is associated with intellectual, informative, and creative pursuits. Redefining "intelligent entrepreneurship" and "talent management" is a necessary step in improving both terms. Value of human capital, or the chance for an individual to make use of their inherent intelligence, is at the heart of intelligent business. According to studies, the best course of action for national economies is to adopt open innovation models. In order to create and efficiently apply intelligent potential—which assures the expansion of the national economy—it is necessary to enhance the efficacy of scientific, educational, and innovative systems. The groundwork for entrepreneurial intelligence has been laid in view of the present status of the digital revolution in the economy.

Investigation Methods of Combating Smuggling and Suspicious Trade Through Transport Routes: Ukrainian Case

Smuggling poses a threat both to individuals and to national security. The problem of smuggling is complicated by the constant transformation of criminal schemes, thereby urging the search for appropriate investigation methods of this offense. The aim of the research is to improve the methods of investigation of smuggling through the integration of legislative, international, human, and technical resources. The research employed a doctrinal approach, a statistical method, and a descriptive method. As a result of the research, the Ukrainian legislation on combating smuggling was analysed in the context of European integration. It is noted that the criminalization of smuggling of goods is a welcome innovation, but the legislative framework needs further improvement. The legal basis of Ukraine's international cooperation in the investigation and countering of smuggling has been disclosed. The priority forms of cooperation were determined and directions for further improvement were revealed using the experience of several international initiatives. The value of human capital in combination with the latest technologies in the process of investigating crimes related to smuggling is noted. The obtained conclusions can be useful for regulatory bodies in the context of developing anti-smuggling policies based on identified priority areas.

Human capital efficiency, corporate sustainability, and performance: Evidence from emerging economies

AbstractThis study examines how corporate sustainability (CS) influences the relationship between human capital (HC) effectiveness and corporate performance (CP) in the context of emerging economies. Drawing on HC theories and CS, we employ partial least squares structural equation modeling (PLS‐SEM) to analyze data from 94 industrial and service firms listed on the Amman Stock Exchange (ASE) between June and October 2022. Our findings reveal the dual role of HC, which not only directly influences CP but also significantly reinforces CS efforts. This research contributes to strategic management literature by highlighting the mediating role of CS in the HC‐performance nexus. The results underscore the strategic value of HC in enhancing sustainable practices, which positively affect CP. These insights are particularly relevant for emerging economies, where understanding the role of HC can guide corporate strategies toward sustainable growth. Theoretical and practical implications are discussed, with a focus on the importance of HC development to promote resilience and support sustainability goals in emerging markets. Future research could explore these dynamics across other industries and regions.

The effect of organizational culture in health services on employee flourishing.

Culture has an important role in maximizing the value of human capital, which is regarded as the main source of organizational effectiveness. The research was conducted to determine the effect of organizational culture perceptions of healthcare professionals working in a university hospital on employee flourishing. It is a descriptive study conducted with 299 healthcare professionals working in a university hospital. "Structured Personal Information Form", "Denison Organizational Culture Survey" and "New Flourishing Index" to collect the data. In the analysis descriptive statistical methods such as percentage, frequency, arithmetic mean and standard deviation as well as Pearson correlation, linear regression and multiple linear regression analyses were performed to determine the relationship between variables. According to the results of linear regression analysis, it was determined that organizational culture and flourishing were related (F: 88.229; p < 0.05). The organizational culture alone explained 22.6% of flourishing. As a result of multiple regression analysis, it was determined that the relationship between organizational culture sub-dimensions and flourishing was significant (F = 25.975; p < 0.05). The sub-dimensions of organizational culture explained 25.1% of the flourishing. As a result of the study, it is observed that the perception of organizational culture of healthcare professionals has an impact on flourishing, and therefore the favorable development of organizational culture will contribute positively to employee flourishing. In present conditions, it has become a necessity for health organizations to provide the circumstances that will make all investments that will contribute positively to the flourishing of their employees a part of the organizational culture.

Human Capital Disclosure and Firm Value: An Investigation of Kenyan and South African Listed Companies

Human Capital Disclosure and Firm Value: An Investigation of Kenyan and South African Listed Companies

Demographic Development of Russia within the Boundaries of Human Capital Theory: Problems and Solutions

The article outlines the role of the demographic situation in ensuring the development of the socio-economic system of the country. In the process of empirical research, the dynamics of the list of indicators characterizing the demographic situation in Russia is considered. The calculation of the absolute indicator of the population is presented, which allows to reveal of the numerical losses of human capital. The fact that the reduction of the country’s population was due to the population of rural areas was established. It is also noted that there was a constant increase in the number of population over working age, as well as a decrease in the working-age population. The decrease in the existing volumes of human capital has led to certain economic losses expressed in the form of lost GDP, which the socio-economic system has incurred. In the context of the above trends, the preservation of the existing human capital, which can be assessed on the basis of the dynamics of indicators: life expectancy and the number of marriages and divorces, becomes a priority. The processes of human capital reproduction represent one of the important directions of demographic development in Russia. The authors determined that these processes have a negatively directed tendency to change. This problem is considered from the position of the functioning of the family institution and the dynamics of the divorce process. An analytical study of statistical data allowed us to conclude that the intensity of marriages in Russia during ten years was higher than the intensity of divorces. The calculated value of the coefficient of preservation of family relations indicates an increase in the probability of reproduction of human capital. The authors calculated the numerical value of reserve human capital in the form of the volume of potential labor force, which can provide an additional volume of GDP.

Proposed Knowledge Transfer Key Factors Model in Malaysian Higher Education Institutions

Knowledge transfer entails not only the transmission of information, but also the transmission of experience, best practises, and learning. This combination, known as tacit knowledge, is well recognised as being extremely difficult to articulate and record, but it is invaluable in adding depth and context to information to provide a richer understanding. As a result, ensuring an effective knowledge transfer process necessitates significant dimensions such as human capital skills and values, knowledge type, knowledge transfer methods, and organisational support. The purpose of this study was to identify the factors that influence the implementation of knowledge transfer projects in Malaysian higher education institutions. Based on the comprehensive literature review and pilot study findings, the study identified Higher Institutions of Education (HIE) Capacity, Academia Capability, Graduate Interns Capability, KT Partner Organization, Relational Elements, Technology Augmentation, External Factor, and Knowledge Transfer Mechanism as the primary factors influencing KT project performance. Aside from that, the study suggests that the Knowledge Transfer Mechanism and government policy play a mediating role in the proposed model.

Strategic management of human resources: Analysing the significance of human capital in the organization

Strategic management for human resources (HR) entails maximizing human capital's value and integrating with organizational objectives to maintain competitive advantage and performance. Limited emphasis on employee well-being, resistance to transformation, disregard for diversity and inability to adapt hinder efficient human capital development. This review improves the efficiency of organizations through strategic HR administration, analyzing and improving the value of human capital during longer-term achievements. Here, we explained the HR that includes HR management approaches with sustainability competitiveness, as well as HR framework levels with proper measurement and integrative framework for HR management. Following that, we described human capital such as economics and social significance for human capital, characteristics for human capital, leveraging human capital for a competitive advantage and workforce-centric organizations. Then, we demonstrate an interactive relationship framework for human and organizational capital. Strategic HR management improves organizational efficiency by leveraging the entire possibilities of human capital for long-term achievement and competitive advantages.

The Contribution of Subsistence Agriculture to the Livelihoods of the Smallholder Farmers in South Kivu Province, Democratic Republic of Congo

Subsistence agriculture in most cases is practiced on a limited space of land by farmers and it is dependent on human power that results into production of food consumed at household level, with little or no surplus for sale. A study about the contribution of subsistence agriculture to the livelihoods of the smallholder farmers in south Kivu province was carried out. A total of 303 smallholder farmers were randomly selected and interviewed to examine the effects of practicing subsistence agriculture on the socioeconomic status of the farmers. How the socioeconomic status attained by the farmers influenced their sustainable livelihoods was also assessed. Data were analyzed using means, frequency distribution, correlation, ANOVA and Chi square test. Thematic analysis was done on qualitative data. The farmers practiced shifting and primitive agriculture, intensive subsistence, and nomadic herding. There was a significant difference in the yields of crops grown (F = 0.0088; P = 0.05), while education and income status significantly affected the farmer’s socioeconomic status by practicing subsistence agriculture (P &lt; 0.05). An average mean value of 3.12 for the components of the farmers’ livelihoods were exhibited, with the human capital mean value being highest (4.16) compared to natural, social and financial capital. The socioeconomic status attained had a significant effect on sustainable livelihoods of the farmers at P &lt; 0.05. This implies that the smallholder farmers need to be trained by the agricultural extension workers better and sustainable methods of farming for higher crop yields. In addition, the Central Government though the Ministry of Agriculture, should avail improved seed inputs to the local community for better crop yields. All these will enable the smallholder farmers improve their socioeconomic status and at the same time attain higher sustainable livelihoods.

Analysis of the Role of Human Capital on Economic Growth in the Beijing-Tianjin-Hebei

Abstract This paper uses some human capital related data in the Beijing-Tianjin-Hebei region as empirical data to study the impact of human capital on the economic growth of the Beijing-Tianjin-Hebei region; based on the selected data, the principal component analysis method is used to analyze health human capital, education human capital, and comprehensive human capital. Measure and compare the human capital differences of the three places in Beijing, Tianjin and Hebei. Finally, based on the economic growth model, the three places are regression analysis, and the results of different types of human capital on the three places are obtained. The analysis results show that different types of human capital measurement values in the Beijing-Tianjin-Hebei region are indeed different. In general, the human capital in the Beijing-Tianjin-Hebei region contributes more to economic growth than physical capital, and the contribution of health human capital is better than that of education human capital. Keywords: Human capital, Economic growth, Regression analysis, Principal component analysis, Health; Education.

Unveiling the Dynamics of Human Capital Valuation: Insights from Human Resource Accounting

In the contemporary knowledge economy, the value of enterprises increasingly hinges on the quality of their human capital. Human Resource Accounting (HRA) emerges as a pivotal field, offering methodologies to quantify, evaluate, and manage human capital effectively. This paper delves into the theoretical underpinnings of HRA, exploring models such as Human Resource Cost Accounting and Human Resource Value Accounting. Additionally, it examines the challenges hindering the widespread adoption of HRA, including theoretical immaturity, limited understanding, integration issues with corporate culture, cautious information disclosure, assessor competence deficiencies, and weak enterprise talent concepts. Strategies to overcome these challenges are proposed, encompassing enhancements to the theoretical framework, information technology proficiency, competence of accounting personnel, optimization of HR department functions, and refinement of legislation. By addressing these challenges and implementing strategic solutions, enterprises can effectively leverage human resources to achieve sustainable development and navigate the complexities of the modern market environment.

The Contribution of Subsistence Agriculture to the Livelihoods of the Smallholder Farmers in South Kivu Province, Democratic Republic of Congo

Subsistence agriculture is practiced in most parts of the world on a limited space of land by farmers. It is mainly dependent on human power that results into production of food consumed at household level, with little or no surplus for sale. A study about the contribution of subsistence agriculture to the livelihoods of the smallholder farmers in south Kivu province was carried out. A total of 303 smallholder farmers were randomly selected and interviewed to examine the effects of practicing subsistence agriculture on the socioeconomic status of the farmers. How the socioeconomic status attained by the farmers influenced their sustainable livelihoods was also assessed. Data were analyzed using means, frequency distribution, correlation, ANOVA and Chi square test. Thematic analysis was done on qualitative data. The farmers practiced shifting and primitive agriculture, intensive subsistence, and nomadic herding. There was a significant difference in the yields of crops grown (F = 0.0088; P = 0.05), while education and income status significantly affected the farmer’s socioeconomic status by practicing subsistence agriculture (P &lt; 0.05). An average mean value of 3.12 for the components of the farmers’ livelihoods were exhibited, with the human capital mean value being highest (4.16) compared to natural, social and financial capital. The socioeconomic status attained had a significant effect on sustainable livelihoods of the farmers at P &lt; 0.05. This implies that the smallholder farmers need to be trained by the agricultural extension workers better and sustainable methods of farming for higher crop yields. In addition, the Central Government though the Ministry of Agriculture, should avail improved seed inputs to the local community for better crop yields. All these will enable the smallholder farmers improve their socioeconomic status and at the same time attain higher sustainable livelihoods.

Pengaruh Value Added of Capital Employed, Human Capital Structural Capital Value Added, Intelectual Coeffisients, Return on Assets terhadap Nilai Perusahaan

This study examines the effect of the value added of capital employed, human capital structural capital value added, intelectual coeffisients, return on assets on company value. This research takes as its object the companies that are members of the customers goods industry listed on the Indonesia Stock Exchange for the period 2018 - 2022 which have made consecutive profits. Based on the research results, value added of capital employed return on assets influence company value. On the other hand, there are human capital, structural capital value added, intelectual capital which have no effect on company value

Design of corporate human capital value measurement model based on binary tree

The measurement process of corporate human capital value ignores the in-depth analysis of the influencing factors of value measurement, which leads to the inaccuracy of the measurement result of corporate human capital value. Therefore, taking an enterprise in Heilongjiang Province as the research object, a measurement model of enterprise human capital value based on binary tree is designed. Establish the corporate human capital value measurement index system, and initially fix the human capital value. Calculate the floating value of human capital under the complete information, and determine the influencing factors of human capital value measurement. The human capital value of enterprise under incomplete information is calculated to complete the construction of the measurement model of human capital value of enterprise based on binary tree. Taking the actual human resource performance score of an enterprise from 2019 to 2022 as an example, the experiment proved that the design model and the traditional measurement model evaluated the enterprise human resource performance, and proved that the measurement model based on binary tree was more accurate than the traditional model, and the final measurement accuracy of the design model reached 93.5%. Compared with the traditional measurement model ahead of 18.5%–10.3%, compared with the current advanced measurement model ahead of 5.2%–5.7%. The evaluation Angle in the research is slightly lacking of practical significance, and further research can carry out further evaluation on income to maximize the practical significance of the research. However, the model is evaluated from the perspective of pricing, but in real life, the value of enterprise human capital is reflected in income distribution. Therefore, if the measurement of human capital value is combined with income distribution in the next step, the research results will be closer to the actual situation and will have more practical significance.

Pengaruh Intellectual Capital Terhadap Kinerja Keuangan Pada Perusahaan Manufaktur Sub Sektor Food And Beverage Yang Terdaftar di Bursa Efek Indonesia Tahun 2019-2022

This research aims to determine the influence of Value added Capital employed (VACA), Value added Human capital (VAHU) and Structural capital Value added (STVA) together on the Financial Performance of Manufacturing Companies in the Food and Beverage Sub Sector listed on the Indonesia Stock Exchange for the period 2019-2022. The data source in this research is secondary data, namely the annual financial reports (Annual Report) of food and beverage companies listed on the Indonesia Stock Exchange which report their finances for 2019-2022. This analysis uses calculations through statistical methods. Based on its type, this research uses a quantitative method approach with panel data analysis tools. Based on the population and sample, this research focuses on manufacturing companies in the food and beverage sector listed on the Indonesia Stock Exchange during the period 2017 to 2020, namely 12 companies. Value added capital employed (VACA), value added human capital (VAHU) and structural capital value added (STVA) together influence the return on assets of manufacturing companies in the food and beverage sub-sector listed on the IDX for the 2019-2022 period.

Model for measuring competitiveness in construction companies in Lima–Peru

PropósitoEl objetivo principal de la investigación fue establecer un modelo de factores de competitividad para medir adecuadamente el valor de las empresas constructoras.MetodologíaSe desarrolló un modelo teórico de cuatro factores principales, que incluyen el capital humano, los valores éticos, la innovación de procesos y el financiamiento. Se recolectó información de 18 empresas constructoras de la ciudad de Lima Metropolitana, recolectando información de cada uno de estos factores. A través de un análisis de componentes principales se determinó la ponderación de cada uno de ellos sobre la competitividad de una empresa constructora.ResultadosEl costo de horas hombre, el costo de los equipos para ejecutar obras y el costo de material utilizado son los indicadores más fuertes para medir la competitividad de una empresa constructora. Por otro lado, la cantidad de empleados con títulos universitarios y la cantidad de maestros de obra con título técnico del factor de capital humano también tienen un peso moderado en la determinación del valor de competitividad de una empresa. El indicador de obras entregadas dentro de plazo también tiene un efecto moderado sobre la competitividad. Finalmente, el indicador de pago mensual de la deuda tiene un efecto muy pequeño sobre la competitividad de la empresa.OriginalidadEn conclusión, el estudio proporciona evidencia de un modelo de competitividad con factores altamente relacionados sobre el capital humano, la innovación de procesos y los valores éticos como los más importantes a la hora de medir la competitividad.

Стоимостная оценка и направления развития человеческого капитала Республики Беларусь

Implementation of the sustainable development model requires a revision of traditional ap-proaches to the concept and valuation of human capital, as its reproduction determines the wealth of a country. Human capital is the basis for the sustainable development of the Republic of Belarus: its preservation and growth affect investments related to the reproduction of capital. Sources of such investments include the net income of the population, funds of organisations and government bodies. The study aims to develop theoretical and methodological foundations for the valuation of human capital it order to determine suitable investment areas. The concepts “human capital” and “investment in human capital” were analysed to identify investment subjects and objects at different levels of the economy. The proposed method for the valuation of human capital relies on the theory of reproduction rent and considers the investment component as a driving factor of its regional and national development. To assess the reproduction of human capital, the study presented a discount indicator as the inverse of the average life expectancy of the population, indirectly expressing its level and quality of life. Data on the socio-economic development of regions of Belarus were examined. Testing of the proposed approach demonstrated that the production of human capital is constant and increases over time. Its sustainable reproduction is affected by the net income of the population and public investments in the social sphere, including education and healthcare. To strengthen human capital, business entities are recommended to invest in improving professional qualifications of employees, as well as their working conditions. The obtained results can be used to develop and implement socio-economic policy at the regional level.

Efekti pandemije COVID-19 na ljudski kapital i finansijske performanse - slučaj bankarskog sektora Srbije

Human capital holds significant importance for banks, as it includes specific knowledge and skills. It serves as a crucial determinant of financial performance. However, human capital is susceptible to various factors that can exert negative effects. The COVID-19 stands as one such factor, necessitating bank restructuring and potentially resulting in a depreciation of human capital value and subsequent performance decline. The objective of the research is to investigate the influence of the COVID-19 pandemic on the human capital of banks in the Republic of Serbia and evaluate its implications on financial performance. The research spanned across all banks operating in the Republic of Serbia throughout the period of 2019 to 2021. The Wilcoxon Signed Rank test was employed to assess the difference in human capital value over the observed period. Furthermore, the regression analysis was implemented to investigate the impact of human capital on ROA, ROE, and NPM. Results showed that COVID-19 pandemic has led to a decrease in the value of human capital in banks in the Republic of Serbia. The financial performance of banks is positively influenced by human capital in the short term. However, over the long term, the value of human capital depreciates, resulting in a diminishing impact on financial performance.

Human Capital Disclosure, Business Model and Firm Value: Empirical Evidence from Kenya and South Africa

High volatility and decline in firm value has been spotted for listed companies in Kenya as revealed by large deviations between market-to-book value ratios. This has prompted organisations to adopt integrated reporting to enhance accounting information disclosures that has long been linked with firm value. However, studies examining this form of reporting and its contribution to the value of the company and its variant stakeholders remain scanty in the context of Africa. The purpose of this research is to investigate and demonstrate the relationship amongst human capital disclosure, business model and value of listed companies in Kenya and South Africa. The study was braced on the Stakeholder and legitimacy theories. The research design was both exploratory and confirmatory. Secondary data was collected from 137 purposefully selected companies for the period 2018-2020. An unweighted disclosure index was used to measure human capital disclosure, whilst, firm value was measured using Tobin’s Q ratio. Frequency tables were used for data presentation and descriptive statistics was conducted to summarize and describe the data. Pearson correlation analysis was used in measuring the strength and direction of relationships between variables, while, stepwise regression analysis method was applied in testing for mediation effects. The results depict that human capital disclosure has a statistically significant effect on firm value. However, the effect was negative for Kenya and South Africa revealed a positive effect. Human capital disclosure and business model evinced a positive and significant relationship. Human capital transmitted part of its effect on firm value through the entity business model, with Kenyan listed firms revealing inconsistent mediation, whereas, South African companies reported full/complete mediation. The study recommends mandatory disclosures of human capital and business model aspects of integrated reporting by Kenyan listed companies due to its effect on firm value.