{"title":"创新资本是否在人力资本投资与财务绩效之间起到中介作用?一项国际调查","authors":"C. Kuzey, Muhammet Sait Dinc, A. Akin, Halil Zaim","doi":"10.1080/10669868.2021.1987369","DOIUrl":null,"url":null,"abstract":"Abstract Using a comprehensive database of 6,331 firms obtained from 78 countries, this study examines the impact of human capital investment in employee training and development upon the firm financial performance through the research and development intensity of innovation capital. Various analyses were employed, including descriptive statistics, Pearson’s correlation analysis, and mediation analysis. Study results revealed the partial mediation role of innovation capital upon the relationship between human capital investment and firm performance as measured by accounting-based return on assets. However, the role of innovation capital converted to full mediation when market-based Tobin’s Q was used for the performance measurement.","PeriodicalId":44266,"journal":{"name":"Journal of East-West Business","volume":null,"pages":null},"PeriodicalIF":1.2000,"publicationDate":"2021-10-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":"{\"title\":\"Does Innovation Capital Mediate the Link between Human Capital Investment and Financial Performance? An International Investigation\",\"authors\":\"C. Kuzey, Muhammet Sait Dinc, A. Akin, Halil Zaim\",\"doi\":\"10.1080/10669868.2021.1987369\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Abstract Using a comprehensive database of 6,331 firms obtained from 78 countries, this study examines the impact of human capital investment in employee training and development upon the firm financial performance through the research and development intensity of innovation capital. Various analyses were employed, including descriptive statistics, Pearson’s correlation analysis, and mediation analysis. Study results revealed the partial mediation role of innovation capital upon the relationship between human capital investment and firm performance as measured by accounting-based return on assets. However, the role of innovation capital converted to full mediation when market-based Tobin’s Q was used for the performance measurement.\",\"PeriodicalId\":44266,\"journal\":{\"name\":\"Journal of East-West Business\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":1.2000,\"publicationDate\":\"2021-10-17\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"1\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of East-West Business\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.1080/10669868.2021.1987369\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q4\",\"JCRName\":\"BUSINESS\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of East-West Business","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1080/10669868.2021.1987369","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"BUSINESS","Score":null,"Total":0}
Does Innovation Capital Mediate the Link between Human Capital Investment and Financial Performance? An International Investigation
Abstract Using a comprehensive database of 6,331 firms obtained from 78 countries, this study examines the impact of human capital investment in employee training and development upon the firm financial performance through the research and development intensity of innovation capital. Various analyses were employed, including descriptive statistics, Pearson’s correlation analysis, and mediation analysis. Study results revealed the partial mediation role of innovation capital upon the relationship between human capital investment and firm performance as measured by accounting-based return on assets. However, the role of innovation capital converted to full mediation when market-based Tobin’s Q was used for the performance measurement.
期刊介绍：
Journal of East-West Business is a quarterly journal that deals with contemporary and emerging aspects of business studies, strategies, development, and practice as they relate to the Russian Federation, the new republics of the Commonwealth of Independent States, and Eastern/Central Europe-and business relationships with other countries of the world. The Journal of East-West Business is international in scope and treats business issues from comparative, cross-cultural, and cross-national perspectives. The journal features an Editorial Advisory Board that represents the Russian Federation, Eastern/Central European, and Baltic states in this new business arena.
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