Management, Valuation, and Risk for Human Capital and Human Assets

1. Front Matter

   Pages i-xiii

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2. Introduction—What Kind of an Asset Is Human Capital, How Should It Be Measured, and in What Markets?

   1. Introduction—What Kind of an Asset Is Human Capital, How Should It Be Measured, and in What Markets?

      • Meir Russ

      Pages 1-33

3. Management

   1. Front Matter

      Pages 35-35

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   2. Team Composition and Project-Based Organizations: New Perspectives for Human Resource Management

      • Francesca Vicentini, Paolo Boccardelli

      Pages 37-57

   3. The Effect of Virtual Work Environments and Social Systems on Human Capital and Assets

      • Eugene A. Pierce, Sean W. Hansen

      Pages 59-90

   4. Perspectives on Human Capital Initiatives

      • Alyssa Danielson

      Pages 91-110

4. Valuation and Risk

   1. Front Matter

      Pages 111-111

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   2. Models of Human Capital Valuation: A Review with Examples

      • Franko Milost

      Pages 113-135

   3. Investments in Human Capital: Elements of Investments, Their Valuation, a True and Fair View of Financial Statements Compiled by Using the Classical Approach, and the Related Financial Performance Ratios

      • Franko Milost

      Pages 137-159

   4. Intellectual Capital Efficiency and Corporate Performance: Some Empirical Evidence

      • Domenico Celenza, Marco Lacchini, Fabrizio Rossi

      Pages 161-188

   5. An Assessment of the Accounting Perspective on Intellectual Capital and Some Results from the European Union

      • Michele Di Marcantonio, Marco Mattei

      Pages 189-219

   6. Human Capital Assessment: A Labor Accounting or a Management Control Perspective?

      • Paola Demartini, Paola Paoloni

      Pages 221-238

5. Back Matter

   Pages 239-247

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Perspectives on Human Capital and Assets goes beyond the current literature by providing a platform for a broad scope of discussion regarding HC&A, and, more importantly, by encouraging a multidisciplinary fusion between diverse disciplines.

• assessment
• efficiency
• HRM
• Human Capital
• human resource management
• management

"Human capital is admittedly the most important resource for all types of organizations and, indeed, for the economic development of countries. Although there is a fair amount of research focused on human capital, more is needed. This volume extends the frontiers of our knowledge of human capital by providing a multi-disciplinary and multi-level view of this critical resource. I commend this volume to all scholars interested in the advancement of our understanding of human capital." - Michael Hitt, Joe B. Foster '56 Chair in Business Leadership, Texas A&M University, USA

"Strategy, human resource, and economic scholars all recognize the centrality of human capital in understanding how organizations operate. The importance of human capital in service industries where a firm's competitive advantages 'go home' every night is obvious. But human capital is no less important in manufacturing. This book applies the latest thinking about human capital to develop a multi-level approach to research on this important phenomenon. Those interested in the future of human capital research will find these essays fascinating." - Jay B. Barney, Presidential Professor of Strategic Management, Lassonde Chair of Social Entrepreneurship, The University of Utah, USA

"This informative volume, edited by Meir Russ, tackles the multifaceted topic of human capital in organizations. Human capital may well be the most poorly conceptualized and assessed, yet vitally important ingredient for organizational innovation and success. Although there are many other books that examine human capital, the multi-disciplinary breadth (economics, finance, accounting, behavioral, human resources management, and systems) and multi-level scope (micro meso macro) of this one sets it apart. It is highly recommended." - Steve W. J. Kozlowski, Michigan State University, USA

Meir Russ is Professor of Management in the Austin E. Cofrin School of Business at the University of Wisconsin - Green Bay, USA. He also teaches at KEDGE-Business School - Bordeaux, France; University of Pisa, Italy; and Roma-Tre, Italy. His research interests include human capital valuation methods, knowledge-based strategies, and new-knowledge based economic development. In addition to his academic background, Russ serves as a consultant for a number of multinational companies in the area of global strategic management and knowledge management. He is the founding editor of The International Journal of Management and Business. He recently edited his second book Knowledge Management Strategies for Business Development. Russ was named the Frederick E. Baer Professor in Business in 2009 and presently holds the Philip J. and Elizabeth Hendrickson Professorship in Business.

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