The Importance of Organizational Context for the Relation Between Human Capital Investment and Firm Performance: Evidence From Labor Unions

被引：3
作者：
Sunwoo, Hee-Yeon [1 ]
Law, Justin [2 ]
Lee, Woo-Jong [3 ]
Oh, Seungbin [4 ]
机构：
[1] Sejong Univ, Sch Business, Dept Business Adm, Seoul, South Korea
[2] Hong Kong Polytech Univ, Fac Business, Sch Accounting & Finance, Hung Hom, Hong Kong, Peoples R China
[3] Seoul Natl Univ, Coll Business Adm, Seoul, South Korea
[4] Univ Wisconsin, Coll Business, Dept Accounting & Finance, Eau Claire, WI USA
来源：
JOURNAL OF MANAGEMENT ACCOUNTING RESEARCH | 2021年 / 33卷 / 01期
关键词：
labor union; human capital investment; firm performance; CORPORATE SOCIAL-RESPONSIBILITY; EMPLOYMENT PROTECTION LEGISLATION; HUMAN-RESOURCE MANAGEMENT; FINANCIAL PERFORMANCE; JOB-SATISFACTION; AGENCY COSTS; GOVERNANCE; UNIONIZATION; OWNERSHIP; RETURNS;
D O I：
10.2308/jmar-19-009
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
We study the importance of organizational context for the relation between human capital investment and firm performance. Using unique data from Korean-listed firms, which were previously required to disclose information about union membership, we predict and find that the presence of unions attenuates the favorable relation between human capital investment and firm performance. We identify productivity, future employment, and cost behavior as channels through which this result could operate. Overall, we show that the benefits commonly associated with investments in human capital are contingent on attributes of the organization, including the presence of labor unions.
引用
收藏
页码：197 / 217
页数：21
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