Exploring the Nexus Between Human Capital and Corporate Growth: The Indian Case

Abstract

This research aims to comprehensively investigate the influence of human capital efficacy on corporate growth within the context of non-financial companies listed on the NSE. The study spans a six-year period from 2017-18 to 2022-23, analyzing data from the top five companies on the basis of market capitalization. Employing a robust multiple regression technique, our findings unequivocally establish a significant and positive correlation between human capital efficacy and corporate growth, as measured by sales expansion. Notably, our results withstand rigorous scrutiny through a battery of alternative specification tests, affirming the reliability and validity of the observed association. The outcomes align with existing research, reinforcing the critical role of human capital in driving corporate growth. Beyond statistical significance, the study provides theoretical insights and practical implications, contributing to the ongoing discourse on the strategic management of human capital and its impact on organizational success. This abstract encapsulates the essence of our research, emphasizing the relevance and contributions of our findings to both academia and business practice