Human capital efficiency and firm performance across sectors in an emerging market

Human capital is considered the cornerstone of any progress in economic growth and development for any country. Vietnam and other emerging markets are no exception. One effect of human capital efficiency on firm performance is considered in various empirical studies. However, the examination of this...

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Autores principales:	Ngoc Phu Tran, Duc Hong Vo
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2020
Materias:	firm performance gmm human capital effiency vaic vietnam Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/86e556c2660e43e4ae2d1a2c12755e45
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spelling	oai:doaj.org-article:86e556c2660e43e4ae2d1a2c12755e452021-12-02T18:21:51ZHuman capital efficiency and firm performance across sectors in an emerging market2331-197510.1080/23311975.2020.1738832https://doaj.org/article/86e556c2660e43e4ae2d1a2c12755e452020-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2020.1738832https://doaj.org/toc/2331-1975Human capital is considered the cornerstone of any progress in economic growth and development for any country. Vietnam and other emerging markets are no exception. One effect of human capital efficiency on firm performance is considered in various empirical studies. However, the examination of this efficiency on firm performance in Vietnam and other emerging markets has largely been ignored in the current literature, in particular with the use of a value-added intellectual coefficient (VAIC) model, which has been widely used to measure the value added generated by tangible and intangible assets. This paper is conducted to examine the contribution of human capital efficiency to firm performance across 12 sectors in the Vietnamese economy for the period 2011 to 2018. The generalized method of moments (GMM) technique is used in this paper. Empirical results in this paper strongly confirm that human capital efficiency makes a positive contribution to firm performance across sectors in Vietnam. In addition, the findings in this paper indicate that the banking sector does not have the highest level of human capital accumulation as previously thought. In the context of the Vietnamese economy, the level of human capital efficiency varies across sectors and the oil and gas and energy sectors are the best at human capital efficiency. We outline the policy implications from our findings in this study.Ngoc Phu TranDuc Hong VoTaylor & Francis Grouparticlefirm performancegmmhuman capital effiencyvaicvietnamBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 7, Iss 1 (2020)
institution	DOAJ
collection	DOAJ
language	EN
topic	firm performance gmm human capital effiency vaic vietnam Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	firm performance gmm human capital effiency vaic vietnam Business HF5001-6182 Management. Industrial management HD28-70 Ngoc Phu Tran Duc Hong Vo Human capital efficiency and firm performance across sectors in an emerging market
description	Human capital is considered the cornerstone of any progress in economic growth and development for any country. Vietnam and other emerging markets are no exception. One effect of human capital efficiency on firm performance is considered in various empirical studies. However, the examination of this efficiency on firm performance in Vietnam and other emerging markets has largely been ignored in the current literature, in particular with the use of a value-added intellectual coefficient (VAIC) model, which has been widely used to measure the value added generated by tangible and intangible assets. This paper is conducted to examine the contribution of human capital efficiency to firm performance across 12 sectors in the Vietnamese economy for the period 2011 to 2018. The generalized method of moments (GMM) technique is used in this paper. Empirical results in this paper strongly confirm that human capital efficiency makes a positive contribution to firm performance across sectors in Vietnam. In addition, the findings in this paper indicate that the banking sector does not have the highest level of human capital accumulation as previously thought. In the context of the Vietnamese economy, the level of human capital efficiency varies across sectors and the oil and gas and energy sectors are the best at human capital efficiency. We outline the policy implications from our findings in this study.
format	article
author	Ngoc Phu Tran Duc Hong Vo
author_facet	Ngoc Phu Tran Duc Hong Vo
author_sort	Ngoc Phu Tran
title	Human capital efficiency and firm performance across sectors in an emerging market
title_short	Human capital efficiency and firm performance across sectors in an emerging market
title_full	Human capital efficiency and firm performance across sectors in an emerging market
title_fullStr	Human capital efficiency and firm performance across sectors in an emerging market
title_full_unstemmed	Human capital efficiency and firm performance across sectors in an emerging market
title_sort	human capital efficiency and firm performance across sectors in an emerging market
publisher	Taylor & Francis Group
publishDate	2020
url	https://doaj.org/article/86e556c2660e43e4ae2d1a2c12755e45
work_keys_str_mv	AT ngocphutran humancapitalefficiencyandfirmperformanceacrosssectorsinanemergingmarket AT duchongvo humancapitalefficiencyandfirmperformanceacrosssectorsinanemergingmarket
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Human capital efficiency and firm performance across sectors in an emerging market

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