The Influence of Human Capital on Organization Value

Empirical Evidence from High Level NBA Athletes Changing Team

DOI

10.2991/978-2-494069-51-0_4How to use a DOI?

Keywords

Intangible Asset; Human Capital Valuation; Enterprise Value; Stars Effect; Staff Turnover

Abstract

As an intangible asset, human capital is becoming more and more important in enterprises. However, its variability and effectiveness make it difficult to measure it properly. Players’ transitions often take place in NBA teams, but coaches, game systems, and the physical environment like the stadium are rarely changed, which provides a unique experiment for evaluating the value of human capital. This problem has been studied in many fields, such as movie stars and CEO valuation. This paper compares the influence of star players’ transition on the team value, and also controls the factors of the team itself, such as the total salary and the results of the game. The result of this paper is that top players’ transition has a significant impact on the financial success of the team, which supports the superstar hypothesis.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Dangfei Ma
AU  - Peng Ning
PY  - 2022
DA  - 2022/12/09
TI  - The Influence of Human Capital on Organization Value
BT  - Proceedings of the 2022 7th International Conference on Modern Management and Education Technology (MMET 2022)
PB  - Atlantis Press
SP  - 22
EP  - 28
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-494069-51-0_4
DO  - 10.2991/978-2-494069-51-0_4
ID  - Ma2022
ER  -