Firm-Specific Human Capital and Theories of the Firm

Published: Jan 1, 2003
Abstract
This paper focuses on contracting problems in firms caused by asset specificity and investment incentives, particularly the problems that arise when employees make investments in null specific human capital. In such cases, employee investments will also be seriously at risk in the enterprise. Under the nexus of contracts theory of corporations, corporation law is viewed as providing a standardized solution to a central contracting problem,...
Paper Details
Title
Firm-Specific Human Capital and Theories of the Firm
Published Date
Jan 1, 2003
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