Abstract
This empirical paper investigates the relationships between the amount of human capital that flows into a firm and two activities underlying a firm's knowledge production, variation or change and knowledge retention. We track the flow of human capital within and across organizational and geographic space for all multi-unit banks operating in the world foreign exchange trade industry from 1973 to 1993. The findings indicate that an increased reliance on past experience reduces how much human capital a firm imports in the future. This effect is moderated by a self-reinforcing cycle of human capital inflow. Inflows of human capital also decline when a firm has recently adopted novel changes in its operations. The paper uses evolutionary thinking to define a model for intrafirm knowledge production.
Original language | English (US) |
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Pages (from-to) | 164-176 |
Number of pages | 13 |
Journal | Journal of Knowledge Management |
Volume | 6 |
Issue number | 2 |
DOIs | |
State | Published - May 1 2002 |
Keywords
- Human capital theory
- Job mobility
- Knowledge
- Learning
- Personnel