Title: The influence of management capital on enterprise performance

Authors: Andrej Bertoncelj, Darko Kovac

Addresses: University of Primorska, Faculty of Management, Cankarjeva 5, SI-Koper, Slovenia. ' CO&DA Ltd., Partizanska 22b, Bled SI-4260, Slovenia

Abstract: Human capital is becoming more important than economic capital in today|s knowledge society. Presented in this study is a financial yardstick for measuring management capital efficiency and human value added, as well as its practical implementation on a research sample of 154 managers in Slovene small and medium enterprises. This study suggests that Slovene managers are not prone to risk taking and dealing with unknowns; moreover, they are neither sufficiently flexible nor intuitive. Study provides a framework for investigation of the role and value add of management.

Keywords: management capital; human value added; Kolbe method; conative competency; corporate performance; innate action mode; small and medium-sized enterprises; SMEs; Slovenia; human captial.

DOI: 10.1504/IJMED.2008.018761

International Journal of Management and Enterprise Development, 2008 Vol.5 No.4, pp.444 - 461

Published online: 16 Jun 2008 *

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