1. bookVolume 18 (2021): Issue 2 (December 2021)
Journal Details
License
Format
Journal
eISSN
2256-0173
First Published
16 Jun 2016
Publication timeframe
2 times per year
Languages
English
access type Open Access

Human Capital Development at Higher Education Institutions

Published Online: 30 Dec 2021
Page range: 5 - 14
Received: 17 Aug 2021
Accepted: 20 Nov 2021
Journal Details
License
Format
Journal
eISSN
2256-0173
First Published
16 Jun 2016
Publication timeframe
2 times per year
Languages
English
Abstract

Research purpose. Currently, higher education institutions (HEIs) are faced with new challenges. They have to compete globally and take into account modern trends in education and science. Human capital becomes one of the most significant resources for HEI performance. The purpose of the study is to determine which factors influence human capital development at HEI.

Design / Methodology / Approach. Selected human capital development factors were analyzed at Latvian HEIs. Factors including existing laws and conformity assessment procedures and requirements were considered. A survey was utilized to determine the most influential factors in human capital development at Latvian HEIs. The survey results were analyzed by implementing CATPCA to identify the most critical factors.

Findings. The results show that essential elements of human capital at HEI are the pedagogical competence of the academic staff, their scientific competence, and the number of professionals from industry that are part of the academic staff. The CATPCA results revealed four main factors influencing human capital development at HEI, which could be divided into 1) staff competence and motivation; 2) legislation and development strategy; 3) availability of resources; 3) cooperation.

Originality / Value / Practical implications. Human capital is one of the key factors for the sustainability of HEIs in Latvia. By accounting for the factors that influence the development of human capital in HEIs, institutions can more effectively and proactively develop human capital management strategies, which allow the institutions to achieve performance in the long term.

Keywords

JEL Classification

Boujelben, S, Fedhila, H. (2011). The Effects of Intangible Investments on Future OCF, Journal of Intellectual Capital, 12(4), 480-494. https://doi.org/10.1108/1469193111118168910.1108/14691931111181689 Search in Google Scholar

Canibano, L., Sánchez, M. P., García-Ayuso, M. and Chaminade, C. (2002). Guidelines for managing and reporting on intangibles: Intellectual Capital Report. http://www.pnbukh.com/files/pdf_filer/MERITUM_Guidelines.pdf Search in Google Scholar

Castro, G.M., Delgado-Verde, M. Amores-Salvado, J. & Navas-Lopez, J.E. (2013). Linking human, technological and relational assets to technological innovation: exploring a new approach. Knowledge Management Research&Practice, 11(2), 123-132. https://doi.org/10.1057/kmrp.2013.810.1057/kmrp.2013.8 Search in Google Scholar

Dumay, J., Guthrie, J., Ricceri, F. & Nielsen, C. (2017). The past, present and future for intellectual capital research: an overview, in Guthrie, J., Dumay, J., Ricceri, F. and Nielsen, C. (Eds), The Routledge Companion to Intellectual Capital: Frontiers of Research, Practice and Knowledge, Routledge, London. Search in Google Scholar

Hormiga, E., Batista-Canino, R.M. & Sánchez-Medina, A. (2011). The role of intellectual capital in the success of new ventures, International Entrepreneurship and Management Journal,7, 71–92. https://doi.org/10.1007/s11365-010-0139-y10.1007/s11365-010-0139-y Search in Google Scholar

Huang, C., & Liu, C. (2005). Exploration for the Relationship between Innovation, IT and Performance, Journal of Intellectual Capital, 6(2), 97 – 119. https://doi.org/10.1108/1469193051059282510.1108/14691930510592825 Search in Google Scholar

Huang, C., Wang, M. (2008). The Effects of Economic Value Added and Intellectual Capital on the Market Value of Firms: An Empirical Study, International Journal of Management, 25(4), 2008, 722 – 731. Search in Google Scholar

Hsu, Y., & Fang, W. (2009). Technological Forecasting & Social Change Intellectual capital and new product development performance: the mediating role of organizational learning capability, Technological Forecasting & Social Change, 76(5), 664–677.10.1016/j.techfore.2008.03.012 Search in Google Scholar

Iacoviello, G., Bruno, E., & Cappiello, A. (2019). A theoretical framework for managing intellectual capital in higher education, International Journal of Educational Management, 33(5), 919-938. https://doi.org/10.1108/IJEM-02-2018-008010.1108/IJEM-02-2018-0080 Search in Google Scholar

Johanson, U. (2005). A Human resource perspective on intellectual capital. In Marr, B. (Eds.), Perspectives on intellectual capital: Multidisciplinary insights into management, measurement, and reporting. (pp.96-100). Routledge. Search in Google Scholar

Kianto, A., Ritala, P., Spender, J., & Vanhala, M. (2014), “The interaction of intellectual capital assets and knowledge management practices in organizational value creation”, Journal of Intellectual Capital, 15(3), 362-375. https://doi.org/10.1108/JIC-05-2014-005910.1108/JIC-05-2014-0059 Search in Google Scholar

Kucharcikova, A. (2013). Managerial approaches to the understanding the human capital. Human Resources Management & Ergonomics, 5(1), 60-70. Search in Google Scholar

Lapiņa, I. (2010), Human Capital Development and System of Education in Latvia, Summary of Promotion Thesis, RTU Publishing House, Riga. Search in Google Scholar

Lentjušenkova, O. and Lapiņa, I. (2016). The Transformation of the Organization’s Intellectual Capital: from Resource to Capital. The Journal of Intellectual Capital, 17(4), 610-631. https://doi.org/10.1108/JIC-03-2016-003110.1108/JIC-03-2016-0031 Search in Google Scholar

Levina, Yu., Bodina, A.E., Artemova, G.E., Kiryakova, V. A., Matvievskaya, G. E., Kriskovets, N.T., Ogorodnikova, V., & Kashina, G. S. (2019). University intellectual capital formation and development. Humanities & Social Sciences Reviews, 7(4), 1100-1107. https://doi.org/10.18510/hssr.2019.7415010.18510/hssr.2019.74150 Search in Google Scholar

Manisera, M., Kooij, A., & Dusseldorp, J. (2010). Identifying the component structure of satisfaction scales by nonlinear principal component analysis. Quality Technology & Quantitative Management, 7(2), 97-115. https://doi.org/10.1080/16843703.2010.1167322210.1080/16843703.2010.11673222 Search in Google Scholar

Maritan, C.A., & Peteraf, M. A. (2011). Invited Editorial: Building a Bridge between Resource Acquisition and Resource Accumulation, Journal of Management, 37, 1374–1389. https://doi.org/10.1177/014920631038767510.1177/0149206310387675 Search in Google Scholar

Martin-Sardesi, A. & Guthrie, J. (2018). Human capital loss in an academic performance measurement system. Journal of Intellectual Capital, 19(1), 53-70. https://doi.org/10.1108/JIC-06-2017-008510.1108/JIC-06-2017-0085 Search in Google Scholar

Martin-Sardesai, A., Irvine, H., Tooley, S. & Guthrie, J. (2017). Accounting for research: academic responses to research performance demands in an Australian university. The Australian Accounting Review, 27(3), 329-334. https://doi.org/10.1111/auar.1215110.1111/auar.12151 Search in Google Scholar

Matoushek, N. & Robert-Nocoud, F. (2005). The Role of Human Capital Investments in the Location Decision of Firms, Regional Science and Urban Economics, 35(5), 570. – 583. https://doi.org/10.1016/j.regsciurbeco.2004.09.00110.1016/j.regsciurbeco.2004.09.001 Search in Google Scholar

Menor, L.J., Kristal, M.M. & Rosenweig, E.D. (2007). Examining the influence of operational intellectual capital on capabilities and performance., Manufacturing and Service Operation Management, 9(4), 559-578.10.1287/msom.1060.0131 Search in Google Scholar

NZDIS. (2019). Statistikas dati par zinātnisko darbu. Nacionālā zinātniskā darbības informācijas sistēma (NZDIS). https://sciencelatvia.lv/#/pub/home Search in Google Scholar

OECD. (2020). Curriculum Overload - A way forward. The Organisation for Economic Cooperation and Development (OECD). https://www.oecdilibrary.org/sites/3081cecaen/1/2/2/index.html?itemId=/content/publication/3081ceca-en&_csp_=94ec37e0edcf50a660fed00bab5bf702&itemIGO=oecd&itemContentType=book Search in Google Scholar

Passaro, R., Quinto, I. &Thomas, A. (2018). The impact of higher education on entrepreneurial intention and human capital. Journal of Intellectual Capital, 19(1), 135-156. https://doi.org/10.1108/JIC-04-2017-005610.1108/JIC-04-2017-0056 Search in Google Scholar

Redding, S. (1996). The Low- Skill, Low-Quality Trap: Strategic Complementarities between Human Capital and R&D, The Economic Journal, 106 (March), 458 – 470.10.2307/2235260 Search in Google Scholar

Secundo, G., Lombardi, R. & Dumay, J. (2018). Intellectual capital in education. Journal of Intellectual Capital, 19(1), 2-9. https://doi.org/10.1108/JIC-10-2017-014010.1108/JIC-10-2017-0140 Search in Google Scholar

Secundo, G., Perez, S.E., Martinaitis, Ž. & Leitner, K.-H. (2015). An intellectual capital maturity model (ICMM) to improve strategic management in European universities. Journal of Intellectual Capital, 16(2), 419-442. https://doi.org/10.1108/JIC-06-2014-007210.1108/JIC-06-2014-0072 Search in Google Scholar

Sultanova, G., Svyatov, S. & Ussenbayev, N. (2018). Transmitting competencies at universities in Kazakhstan: intellectual capital of teachers. Journal of Intellectual Capital, 19 (1), 112-134. https://doi.org/10.1108/JIC-04-2017-005810.1108/JIC-04-2017-0058 Search in Google Scholar

Travica, B. (2013). Conceptualizing knowledge culture. Online Journal of Applied Knowledge Management, 1(2), 85-104. Search in Google Scholar

Veltri, S., & Puntillo, P. (2020). On intellectual capital management as an evaluation criterion for university managers: a case study. Journal of Management and Governance, 24, 135–167. https://doi.org/10.1007/s10997-019-09461-510.1007/s10997-019-09461-5 Search in Google Scholar

Recommended articles from Trend MD

Plan your remote conference with Sciendo