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- W3046119845 abstract "This paper examines the relationship between the autonomous specialization decisions of service professionals and the tacit human capital they develop. As individuals specialize in production in response to market and organizational factors, they develop task-specific human capital which induces them to continue to specialize. Task specificity of human capital benefits the firm due to its higher productivity, even after negative shocks to the market. Individual specialization in response to market forces also leads to human capital overlap, or shared expertise among co-workers, which may have positive and negative impacts on the firm. Using a novel approach that draws on longitudinal data from the Utah real estate industry, we examine these forces empirically and find that task-specific human capital does benefit firms, even after widespread negative market shocks. Overlap also benefits firms, though it is a substitute for task specificity rather than a complement." @default.
- W3046119845 created "2020-08-03" @default.
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- W3046119845 date "2020-08-01" @default.
- W3046119845 modified "2023-10-16" @default.
- W3046119845 title "Specialized Human Capital in Professional Services: Task Specificity and Firm Performance" @default.
- W3046119845 doi "https://doi.org/10.5465/ambpp.2020.216" @default.
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