The Influence of Human Capital Investment on Enterprise Performance—The Moderating Role of Innovation Diffusion
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Human capital has become the driving force behind the development of enterprises. Human capital investment is also considered to be an important source of corporate competitive advantage, which can improve the learning ability and absorptive capacity of enterprises, but not as much as possible. This paper uses the data of industrial enterprises above designated size from 2005 to 2007 to conduct an empirical test. The research shows that there is an inverted "U" relationship between the human capital investment of enterprises and the return on assets; innovation diffusion, as a social construction process of innovation, will be regulated the relationship between human capital investment and corporate performance.
Human Capital Investment; On-the-job training; Innovation diffusion; Enterprise performance