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dc.contributor.authorBhattacharya, Mousumi
dc.contributor.authorWright, Patrick M.
dc.date.accessioned2020-11-25T14:56:47Z
dc.date.available2020-11-25T14:56:47Z
dc.date.issued2000-11-01
dc.identifier.other116383
dc.identifier.urihttps://hdl.handle.net/1813/77432
dc.description.abstractAn issue that has not yet been explored in the field of strategic human resource management (SHRM) is that of managing the ‘risks’ involved in human capital management of the firm. We address this issue using the real option theory framework. We argue that certain HR practices manage risk and generate opportunities for the firm by creating 'options' for its human capital management. These HR options help ensure stability of returns from human capital and thus sustain competitive advantage. Different types of HR options and the role of certain HR practices in creation of these options are discussed.
dc.language.isoen_US
dc.subjectjob
dc.subjecthuman resource
dc.subjectemployee
dc.subjectwork
dc.subjectfirms
dc.subjectlabor
dc.subjectmarket
dc.subjectskill
dc.subjectmanagement
dc.subjectcapital
dc.titleRecognizing Risk in Human Capital Investments: A Real Options Approach to Strategic Human Resource Management
dc.typepreprint
dc.description.legacydownloadsRecognizing_Risk_in_Human_CapitalWP00_20.pdf: 3374 downloads, before Oct. 1, 2020.
local.authorAffiliationBhattacharya, Mousumi: Fairfield University
local.authorAffiliationWright, Patrick M.: pmw6@cornell.edu Cornell University


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