Measuring Organizational Capital in the New Economy

48 Pages Posted: 15 Mar 2005

See all articles by Sandra E. Black

Sandra E. Black

Columbia University; National Bureau of Economic Research (NBER); IZA Institute of Labor Economics; Norwegian School of Economics (NHH) - Department of Economics

Lisa M. Lynch

Tufts University - The Fletcher School of Law and Diplomacy; National Bureau of Economic Research (NBER); IZA Institute of Labor Economics

Date Written: March 2005

Abstract

A growing body of literature over the past decade suggests that a firm's organizational structure/capital can contribute in significant ways to the productive capacity of a firm. But, as with other intangible assets, there is no consensus definition of what this organizational capital is, how to measure it, or how to best quantify its contribution to output (either current or future). We try to address this gap in the literature by proposing a definition of organizational capital based on recent empirical work on the impact of organizational capital on firm productivity and workers' wages. We then discuss in detail how organizational capital has been measured and the measurement issues that face those trying to understand the extent of organizational capital in an economy.

Keywords: human capital, productivity

JEL Classification: J2, D2

Suggested Citation

Black, Sandra E. and Lynch, Lisa M., Measuring Organizational Capital in the New Economy (March 2005). Available at SSRN: https://ssrn.com/abstract=684030 or http://dx.doi.org/10.2139/ssrn.684030

Sandra E. Black

Columbia University ( email )

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National Bureau of Economic Research (NBER) ( email )

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IZA Institute of Labor Economics

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Norwegian School of Economics (NHH) - Department of Economics

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Norway

Lisa M. Lynch (Contact Author)

Tufts University - The Fletcher School of Law and Diplomacy ( email )

Cabot 602
Medford, MA 02155
United States
617-627-5451 (Phone)
617-627-3712 (Fax)

HOME PAGE: http://fletcher.tufts.edu/staff/llynch/Default.htm

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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