Employee Incentives for Rent Generation: The Role of Risk to Core Resource Value
Conference Proceeding Article
The paper extends the resource-based view of the firm to analyze the incentives of a firm's employees to make specific human capital investments that help generate rents. It argues that these incentives are affected by the risk to the value of the firm's core resource, which is determined by the factors in the product market where the resource is deployed. Furthermore, diversification based on the firm's core resource provides incentives for employees to specialize.
Incentives in industry, human capital, capital investments, risk exposure, rent (economic theory)
Strategic Management Policy
Strategy and Organisation
Academy of Management Proceedings
Academy of Management
WANG, Heli C..
Employee Incentives for Rent Generation: The Role of Risk to Core Resource Value. (2003). Academy of Management Proceedings. CC1-CC6. Research Collection Lee Kong Chian School Of Business.
Available at: http://ink.library.smu.edu.sg/lkcsb_research/3444