Title: The development and validation of human capital measurement model using factor analysis, case study: Agriculture Bank

Authors: Zahra Mojallal; Mohammad Saleh Owlia; Kosar Roshani

Addresses: Faculty of Industrial Engineering, Yazd University, Pazhuhesh St., Yazd, Iran ' Faculty of Industrial Engineering, Yazd University, Pazhuhesh St., Yazd, Iran ' Faculty of Industrial Engineering, Yazd University, Pazhuhesh St., Yazd, Iran

Abstract: This paper reports on a research aimed at designing a measurement model for human capital (HC) as the most important component of intellectual capital (IC). The primary model of the research was developed based on an extensive review of past studies and was tested in Agriculture Bank of Iran. Construct validity of the model was evaluated using confirmatory factor analysis and its content validity was approved by the experts. The results showed, after some modification, the proposed model was valid. The model was used for measuring the value of HC in different dimensions as well as analysing the results using importance-performance technique. The findings confirmed the need for HC and its alignment with the human resource development (HRD).

Keywords: intellectual capital; human capital; human resource development; HRD; confirmatory factor analysis; CFA.

DOI: 10.1504/IJLIC.2020.113160

International Journal of Learning and Intellectual Capital, 2020 Vol.17 No.4, pp.346 - 366

Received: 06 Jun 2019
Accepted: 23 Apr 2020
Published online: 22 Feb 2021 *

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