Micro-Foundations of Firm-Specific Human Capital: When Do Employees Perceive Their Skills to be Firm-Specific?

Drawing on human capital theory, strategy scholars have emphasized firm-specific human capital as a source of sustained competitive advantage. In this study, we begin to unpack the micro-foundation...

[1]  M. Spence.  Job Market Signaling , 1973 .

[2]  Huy Le,et al.  The problem of empirical redundancy of constructs in organizational research: An empirical investigation , 2010 .

[3]  Shelley E. Taylor,et al.  Illusion and well-being: a social psychological perspective on mental health. , 1988, Psychological bulletin.

[4]  K. Gasior,et al.  OECD: Education at a Glance 2012: OECD Indicators , 2013 .

[5]  J. Mathieu,et al.  A review and meta-analysis of the antecedents, correlates, and consequences of organizational commitment , 1990 .

[6]  Robert E. Ployhart,et al.  The Psychology of Competitive Advantage: An Adjacent Possibility , 2012, Industrial and Organizational Psychology.

[7]  Matthew J. Bidwell,et al.  Paying More to Get Less , 2011 .

[8]  R. Nickerson.  Confirmation Bias: A Ubiquitous Phenomenon in Many Guises , 1998 .

[9]  Shelley L. Brickson.  Organizational Identity Orientation: Forging a Link between Organizational Identity and Organizations' Relations with Stakeholders , 2005 .

[10]  Masanori Hashimoto,et al.  Firm-Specific Human Capital as a Shared Investment , 2001 .

[11]  D. Charles.  From Security to Mobility: Generalized Investments in Human Capital and Agent Commitment , 2000 .

[12]  Boris Groysberg,et al.  Can They Take It With Them? The Portability of Star Knowledge Workers' Performance , 2004, Manag. Sci..

[13]  R. Coff.  When Competitive Advantage Doesn't Lead to Performance: The Resource-Based View and Stakeholder Bargaining Power , 1999 .

[14]  Kyle J. Mayer,et al.  Firm-Specific, Industry-Specific, and Occupational Human Capital and the Sourcing of Knowledge Work , 2012, Organ. Sci..

[15]  N. Hallberg,et al.  How Symmetrical Assumptions Advance Strategic Management Research , 2014 .

[16]  Boris Groysberg,et al.  Hiring Stars and Their Colleagues: Exploration and Exploitation in Professional Service Firms , 2009, Organ. Sci..

[17]  G. Becker,et al.  Human Capital: A Theoretical and Empirical Analysis with Special Reference to Education, Third Edition , 1993 .

[18]  K. Klein,et al.  Employee stock ownership and employee attitudes: a test of three models. , 1987, The Journal of applied psychology.

[19]  David C. Coff,et al.  The Knowledge-Leveraging Paradox: How to Achieve Scale without Making Knowledge Imitable , 2006 .

[20]  V. Vroom.  Work and motivation , 1964 .

[21]  J. Barney,et al.  What Are Microfoundations? , 2013 .

[22]  J. A. Calvin.  Regression Models for Categorical and Limited Dependent Variables , 1998 .

[23]  Alexander D. Stajkovic,et al.  The role of trait core confidence higher-order construct in self-regulation of performance and attitudes: Evidence from four studies , 2015 .

[24]  Clint Chadwick,et al.  Human Resources, Human Resource Management, and the Competitive Advantage of Firms: Toward a More Comprehensive Model of Causal Linkages , 2009, Organ. Sci..

[25]  Yasemin Y. Kor,et al.  Experience-Based Top Management Team Competence and Sustained Growth , 2003, Organ. Sci..

[26]  David J. Reibstein,et al.  The Direction of Causality Between Perceptions, Affect, and Behavior: An Application to Travel Behavior , 1980 .

[27]  James R. Spletzer,et al.  General and Specific Training: Evidence and Implications , 1999 .

[28]  Canice Prendergast,et al.  The Role of Promotion in Inducing Specific Human Capital Acquisition , 1993 .

[29]  L. Abramson,et al.  Judgment of contingency in depressed and nondepressed students: sadder but wiser? , 1979, Journal of experimental psychology. General.

[30]  Gary P. Pisano,et al.  The Firm Specificity of Individual Performance: Evidence from Cardiac Surgery , 2006, Manag. Sci..

[31]  J. Neter,et al.  Applied Linear Regression Models , 1983 .

[32]  Sungteak Kim.  Labor Market Flexibility and Social Safety Net in Korea , 2004 .

[33]  Thomas W. Lee,et al.  The Story of Why We Stay: A Review of Job Embeddedness , 2014 .

[34]  G. Metalsky,et al.  The cognitive diathesis-stress theories of depression: Toward an adequate evaluation of the theories' validities. , 1988 .

[35]  L. Ross,et al.  The “false consensus effect”: An egocentric bias in social perception and attribution processes , 1977 .

[36]  M. Leiblein.  What Do Resource- and Capability-Based Theories Propose? , 2011 .

[37]  Teppo Felin,et al.  Performativity of Theory, Arbitrary Conventions, and Possible Worlds: A Reality Check , 2009, Organ. Sci..

[38]  G. Loewenstein,et al.  Projection Bias in Predicting Future Utility , 2000 .

[39]  W. Greene,et al.  Modeling Ordered Choices: A Primer , 2010 .

[40]  R. Coff.  Human Assets and Management Dilemmas: Coping With Hazards On the Road to Resource-Based Theory , 1997 .

[41]  J. Barney,et al.  Employee Incentives to Make Firm-Specific Investments: Implications for Resource-Based Theories of Corporate Diversification , 2006 .

[42]  Rémi Jardat,et al.  Psychological Contracts in Organizations Understanding Written and Unwritten Agreements , 2011 .

[43]  Paul E. Spector.  Method Variance in Organizational Research , 2006 .

[44]  Ingo Weller,et al.  Understanding voluntary turnover: Path-specific job satisfaction effects and the importance of unsolicited job offers. , 2008 .

[45]  Joseph T. Mahoney,et al.  Firm‐specific knowledge resources and competitive advantage: the roles of economic‐ and relationship‐based employee governance mechanisms , 2009 .

[46]  Jeffrey H. Dyer,et al.  Human capital and learning as a source of sustainable competitive advantage , 2004 .

[47]  R. Coff,et al.  Toward a Theory of Perceived Firm-Specific Human Capital , 2015 .

[48]  Robert E. Ployhart,et al.  Divides The Myth of ' ' the ' ' Micro-Macro Divide : Bridging System-Level and Disciplinary , 2011 .

[49]  C. Trevor,et al.  Creating a more quit-friendly national workforce? Individual layoff history and voluntary turnover. , 2015, The Journal of applied psychology.

[50]  Joseph T. Mahoney,et al.  Advancing the Human Capital Perspective on Value Creation by Joining Capabilities and Governance Approaches , 2015 .

[51]  Margaret A. Peteraf.  The cornerstones of competitive advantage: A resource‐based view , 1993 .

[52]  H. Becker.  Notes on the Concept of Commitment , 1960, American Journal of Sociology.

[53]  Richard Williams.  Generalized Ordered Logit/Partial Proportional Odds Models for Ordinal Dependent Variables , 2006 .

[54]  A. Tversky,et al.  Judgment under Uncertainty , 1982 .

[55]  Preeta M. Banerjee,et al.  Resetting the Shot Clock , 2014 .

[56]  Joseph T. Mahoney,et al.  / THE RESOURCE-BASED VIEW WITHIN THE , 1992 .

[57]  Kyle J. Mayer,et al.  Designing Effective Contracts: Exploring the Influence of Framing and Expectations , 2011 .

[58]  A. Hirschman,et al.  Exit, Voice, and Loyalty: Responses to Decline in Firms, Organizations, and States , 1971 .

[59]  M. Mather,et al.  Choice-supportive source monitoring: do our decisions seem better to us as we age? , 2000, Psychology and aging.

[60]  M. Polanyi.  Personal Knowledge: Towards a post-critical philosophy , 1959 .

[61]  Heli Wang,et al.  Real options and real value: The role of employee incentives to make specific knowledge investments , 2008 .

[62]  Donald O. Parsons,et al.  Specific Human Capital: An Application to Quit Rates and Layoff Rates , 1972, Journal of Political Economy.

[63]  Anke S. Kessler,et al.  The Theory of Human Capital Revisited: On the Interaction of General and Specific Investments , 2000, SSRN Electronic Journal.

[64]  John P. Meyer,et al.  AFFECTIVE, CONTINUANCE, AND NORMATIVE COMMITMENT TO THE ORGANIZATION: A META-ANALYSIS OF ANTECEDENTS, CORRELATES, AND CONSEQUENCES , 2002 .

[65]  J. Hackman,et al.  Development of the Job Diagnostic Survey , 1975 .

[66]  J. S. Adams,et al.  TOWARD AN UNDERSTANDING OF INEQUITY. , 1963, Journal of abnormal psychology.

[67]  Jason Abrevaya,et al.  The equivalence of two estimators of the fixed-effects logit model , 1997 .

[68]  G. Borjas,et al.  SPECIFIC TRAINING AND ITS EFFECTS ON THE HUMAN CAPITAL INVESTMENT PROFILE , 1977 .

[69]  Kyle J. Mayer,et al.  An Analysis of Extendibility and Early Termination Provisions: The Importance of Framing Duration Safeguards , 2011 .

[70]  Kyle J. Mayer,et al.  Transaction Cost Economics and the Cognitive Perspective: Investigating the Sources and Governance of Interpretive Uncertainty , 2014 .

[71]  John Roberts,et al.  Uncertain Imitability : An Analysis of Interfirm Differences in Efficiency under Competition , 2007 .

[72]  Boris Groysberg,et al.  Chasing Stars: The Myth of Talent and the Portability of Performance , 2010 .

[73]  J. Barney.  Firm Resources and Sustained Competitive Advantage , 1991 .

[74]  R. Bennett,et al.  Development of a global measure of job embeddedness and integration into a traditional model of voluntary turnover. , 2007, The Journal of applied psychology.

[75]  James G. Combs,et al.  Does human capital matter? A meta-analysis of the relationship between human capital and firm performance. , 2011, The Journal of applied psychology.

[76]  Jing Chen,et al.  Stars and Misfits: Self-Employment and Labor Market Frictions , 2008, Manag. Sci..

[77]  J.-C. Spender,et al.  Industry recipes : an enquiry into the nature and sources of managerial judgement , 1989 .

[78]  Jonathon D. Brown,et al.  Evaluations of Self and Others: Self-Enhancement Biases in Social Judgments , 1986 .

[79]  Daniel Kahneman,et al.  Availability: A heuristic for judging frequency and probability , 1973 .

[80]  Robert E. Ployhart,et al.  Making Intangibles “Tangible” in Tests of Resource-Based Theory , 2011 .

[81]  Boris Groysberg,et al.  The risky business of hiring stars. , 2004, Harvard business review.

[82]  Charles R. Schwenk.  Cognitive simplification processes in strategic decision‐making , 1984 .

[83]  William H. Glick,et al.  Common Methods Bias: Does Common Methods Variance Really Bias Results? , 1998 .

[84]  Karel Cool,et al.  Asset stock accumulation and sustainability of competitive advantage , 1989 .

[85]  Andrew King,et al.  Scientific Apophenia in Strategic Management Research , 2014 .

[86]  Patrick M. Wright,et al.  THE IMPACT OF MOTIVATION, EMPOWERMENT, AND SKILL‐ENHANCING PRACTICES ON AGGREGATE VOLUNTARY TURNOVER: THE MEDIATING EFFECT OF COLLECTIVE AFFECTIVE COMMITMENT , 2011 .

[87]  L. Festinger,et al.  A Theory of Cognitive Dissonance , 2017 .

[88]  Boyan Jovanovic,et al.  Firm-specific Capital and Turnover , 1979, Journal of Political Economy.

[89]  Jie Feng,et al.  Should I quit my day job?: : A hybrid path to entrepreneurship , 2014 .

[90]  L. Porter,et al.  The Measurement of Organizational Commitment. , 1979 .

[91]  Joachim I. Krueger,et al.  Enhancement Bias in Descriptions of Self and Others , 1998 .

[92]  W. Greene,et al.  The Behavior of the Fixed Effects Estimator in Nonlinear Models, , 2002 .

[93]  L. Lynch.  The Role of Off-the-Job vs. On-the-Job Training for the Mobility of Women Workers , 1991 .

[94]  John P. Meyer,et al.  A three-component conceptualization of organizational commitment , 1991 .

[95]  Marcia K. Johnson,et al.  Misremembrance of Options Past: Source Monitoring and Choice , 2000, Psychological science.

[96]  Joseph T. Mahoney,et al.  Market frictions as building blocks of an organizational economics approach to strategic management , 2013 .

[97]  D. Ulrich,et al.  Making Strategic Human Capital Relevant: A Time-Sensitive Opportunity , 2014 .

[98]  M. Lindell,et al.  Accounting for common method variance in cross-sectional research designs. , 2001, The Journal of applied psychology.

[99]  Kin Fai Ellick Wong,et al.  The Effect of Managerial Bias on Employees' Specific Human Capital Investments , 2012 .

[100]  Scott B. MacKenzie,et al.  Working memory: theories, models, and controversies. , 2012, Annual review of psychology.

[101]  E. Morrison,et al.  Longitudinal study of the effects of information seeking on newcomer socialization , 1993 .

[102]  David Kryscynski,et al.  Rethinking Sustained Competitive Advantage from Human Capital , 2012 .

[103]  J. Barney,et al.  Stimulating Firm-Specific Investment through Risk Management , 2003 .

[104]  Huseyin Leblebici,et al.  How do interdependencies among human-capital deployment, development, and diversification strategies affect firms' financial performance? , 2005 .

[105]  M. Ross,et al.  Egocentric Biases in Availability and Attribution , 1979 .

[106]  Daniel W. Russell,et al.  Discriminant validation of measures of job satisfaction, job involvement, and organizational commitment. , 1988 .

[107]  David P. Lepak,et al.  The Human Resource Architecture: Toward a Theory of Human Capital Allocation and Development , 1999 .

[108]  B. Golden.  The past is the past--or is it? The use of retrospective accounts as indicators of past strategy. , 1992, Academy of Management journal. Academy of Management.