Hitt, Michael A.; Hoskisson, Robert E.; Harrison, Jeffrey S. - In: Journal of Management Development 13 (1994) 1, pp. 35-46
The development of human capital is critical for firms to gain competitive advantage. However, short‐term, risk‐averse managerial behaviour often produces lower investments in the development of human capital. Short‐term risk‐averse managerial behaviour is often the result of managerial...
