상세정보
Export to Refworks부가기능
The Longitudinal Relationship Between Training and Development Investment and Financial Performance in Korean Companies
상세 프로파일
| 자료유형 | 학위논문 |
|---|---|
| 서명/저자사항 | The Longitudinal Relationship Between Training and Development Investment and Financial Performance in Korean Companies. |
| 개인저자 | Kwon, Ki Bum. |
| 단체저자명 | The Pennsylvania State University. Workforce Education and Development. |
| 발행사항 | [S.l.]: The Pennsylvania State University., 2017. |
| 발행사항 | Ann Arbor: ProQuest Dissertations & Theses, 2017. |
| 형태사항 | 83 p. |
| 기본자료 저록 | Dissertations Abstracts International 81-01A. Dissertation Abstract International |
| ISBN | 9781392335291 |
| 학위논문주기 | Thesis (Ph.D.)--The Pennsylvania State University, 2017. |
| 일반주기 |
Source: Dissertations Abstracts International, Volume: 81-01, Section: A.
Publisher info.: Dissertation/Thesis. Advisor: Passmore, David L. |
| 요약 | The purpose of this study is to examine the relationship between training and development investment and financial performance over time. Human capital theory suggests that training and development investment may not immediately affect financial performance but may instead create effects that are realized over time. However, most existing cross-sectional research explores the influence of training and development investment on performance while overlooking such investments' long-term effects. This study investigates how the cost of training and development investment influences financial performance over time in South Korea's private sector. Longitudinal data for 312 firms, which is categorized into 4 distinct waves, was used. Training and development investment is operationalized by total direct expenses for training and development. Financial performance was operationalized using the ratio of ordinary income to total assets. Latent growth modeling was used to help identify a pattern of influential relationships between training and development investment and financial performance. The results indicate that even though growth in training and development investment over time stable, there are systematic differences in such investments among firms over time. Prior financial performance was shown to be positively related to higher levels of training and development investment, but it was not related to growth in training and development investment. The initial level of training and development investment did not predict subsequent profit, but growth in training and development investment was positively related to future financial performance. This study suggests that as an organization's training and development investment increases over time, a delayed effect on financial performance may emerge because of this accumulated investment. Ultimately, the results highlight the importance of having a stock of human capital, rather than concentrating upon momentary flows that yield immediate effects. |
| 일반주제명 | Adult education. |
| 언어 | 영어 |
| 바로가기 | 
: 이 자료의 원문은 한국교육학술정보원에서 제공합니다. |
