Organizational capital and human capital as strategic resources

Existing studies examining the impact of human and organizational capital on firm performance are based on data for firms from various industries. However, a review of existing research as well as a case study on the German mechanical engineering industry presented in this article, suggests that an industry-focused, insider-econometric design would be more appropriate. Several propositions derived via resource-based arguments are confirmed in an ordered logistic regression analysis on data from the NIFA workplace panel. Training intensity, as a measure of human capital, is positively associated with subsequent performance. The use of computer-aided practices of planning and control and of NC/CNC machines, as measures of organizational capital, is also positively associated with subsequent performance.