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The Value of Human Capital Specificity versus Transferability

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dc.contributor.authorSturman, Michael C.
dc.contributor.authorWalsh, Kate
dc.contributor.authorCheramie, Robin A.
dc.date.accessioned2020-09-12T21:12:35Z
dc.date.available2020-09-12T21:12:35Z
dc.date.issued2008-01-01
dc.description.abstractHuman capital is a key resource for which firms compete intensely. Human capital theory suggests that firms value both transferable and specific human capital. Yet as transferability increases, specificity decreases. This article examines the value firms place on acquiring executives’ human capital as a function of its transferability versus specificity. Using longitudinal data from more than 9,000 executives, this article shows that executives moving to more similar firms receive greater increases to pay than nonmovers and those moving to less similar firms. This article suggests these increases reflect the differential value associated with various types of human capital.
dc.description.legacydownloadsSturman7_The_value_of_human_capital_specificity.pdf: 1186 downloads, before Aug. 1, 2020.
dc.identifier.other4856442
dc.identifier.urihttps://hdl.handle.net/1813/72373
dc.language.isoen_US
dc.relation.doihttps://doi.org/10.1177/0149206307312509
dc.rightsRequired Publisher Statement: © SAGE. Final version published as: Sturman, M. C., Walsh, K., & Cheramie, R. A. (2008). The value of human capital specificity versus transferability. Journal of Management, 34(2), 290-316. doi: 10.1177/0149206307312509. Reprinted with permission. All rights reserved.
dc.subjecthuman capital
dc.subjectjob mobility
dc.subjectexecutive compensation
dc.subjectexecutive job changes
dc.subjectcareers
dc.titleThe Value of Human Capital Specificity versus Transferability
dc.typearticle
local.authorAffiliationSturman, Michael C.: mcs5@cornell.edu Cornell University
local.authorAffiliationWalsh, Kate: kmw33@cornell.edu Cornell University
local.authorAffiliationCheramie, Robin A.: Kennesaw State University

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