Recognizing Risk in Human Capital Investments: A Real Options Approach to Strategic Human Resource Management

dc.contributor.author	Bhattacharya, Mousumi
dc.contributor.author	Wright, Patrick M.
dc.date.accessioned	2020-11-25T14:56:47Z
dc.date.available	2020-11-25T14:56:47Z
dc.date.issued	2000-11-01
dc.description.abstract	An 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.description.legacydownloads	Recognizing_Risk_in_Human_CapitalWP00_20.pdf: 3374 downloads, before Oct. 1, 2020.
dc.identifier.other	116383
dc.identifier.uri	https://hdl.handle.net/1813/77432
dc.language.iso	en_US
dc.subject	job
dc.subject	human resource
dc.subject	employee
dc.subject	work
dc.subject	firms
dc.subject	labor
dc.subject	market
dc.subject	skill
dc.subject	management
dc.subject	capital
dc.title	Recognizing Risk in Human Capital Investments: A Real Options Approach to Strategic Human Resource Management
dc.type	preprint
local.authorAffiliation	Bhattacharya, Mousumi: Fairfield University
local.authorAffiliation	Wright, Patrick M.: pmw6@cornell.edu Cornell University

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