Showing papers on "Individual capital published in 2023"

Relationship between Human Capital and Firm Performance

Abstract: At present the concept of human capital is gaining attention in this competitive and global environment. Human capital is able to enhance the efficiency and gaining sustainable competitive advantage. For accelerating the economic growth both developing and developed countries taking necessary initiatives and efforts for improving and developing human capital. Development of human capital is necessary for attaining the competitive edge and for survival in globalization era. This paper highlights the impact of human capital on firm performance. Human capital refers to the individual skills, knowledge and expertise of the workforce to perform a particular task. The literature based paper shows some evidence that there is positive influence of human capital is on the firm performance as well as human capital is also helpful in attaining the competitive edge via improved workforce. Human capital plays a significant role in improving the productivity and outcomes also generate creativity and innovation among the employees and organization.

High-Performance Work System and Innovation Capabilities: The Mediating Role of Intellectual Capital

Abstract: This study examined the effect of high-performance work systems on developing incremental and radical innovation capabilities. Drawing on resource-based and knowledge-based theories, the mediating effects of human capital, social capital, and organizational capital were tested. Data were collected from 233 middle-to-senior level managers working in the banking sector of Pakistan, and hypotheses were tested through partial least squares structural equation modeling using Smart PLS 4.0. The findings showed that all components of intellectual capital mediated the relationship to develop both types of innovation capabilities. In terms of the strength of the relationship, social capital was found to be a more effective mediator, and next to this were human capital and organizational capital, respectively. Our findings contribute to the existing literature by explaining the relationship between HPWS and innovation capabilities, which is also referred to as the black box through the mediation of intellectual capital. Decision makers should recognize the importance of this relationship because it develops innovation capabilities that enhance organizational performance by giving them a competitive advantage.

The Cheap Side of Social Capital

Abstract: Important social capital definitions focus on relationships, how people are connected. Relationships depend on commonalities, what people share. Commonalities may be earned or inherited and include shared emotions. Empathy is an important shared emotion because it enables us to internalize each other’s well-being, the motivation for important economic outcomes. This article supports the definition of social capital as the empathy one person or group has another person or group, the object(s) of their social capital. Because Adam Smith emphasized the importance of sympathy (what we now call empathy), we recognize him as contributing to the social capital definition supported here. Members of social capital-rich networks, compared to nonmembers, are more likely to produce and exchange relational goods (intangible signals that satisfy our socio-emotional needs). They are also more likely to exchange commodities (things that satisfy our physical needs) on preferential terms, more likely to cooperate, more likely to invest in public goods, more likely to support institutions, more likely to enjoy equal commodities incomes, more likely to limit negative externalities, and more likely to be happy. Social capital, however, has a dark side. It is that the benefits enjoyed by members of social capital-rich networks are often denied or not available to network nonmembers. The disadvantages of being excluded from social capital networks can sometimes lead nonmembers to develop antipathy toward social capital network members. The antipathy one person or group has for another person or group is defined here as negative social capital. Negative social capital working alone is of little consequence. However, when nonmembers of social capital network share negative social capital toward the same object, they may develop cheap social capital relationships and cheap social capital networks that have influence. Motivations for creating cheap social capital networks include resentment, envy, real or imagined threats, and lack of commonalities. We call cheap social capital networks cheap because they are inexpensive to create, inexpensive to maintain, and produce inferior (cheap) products compared to those produced in social capital networks. Finally, cheap social capital networks are ubiquitous They can be found in social, business, sports, entertainment, religious, and science. Future investigations should also focus on discovering the conditions that lead to the formation of cheap social capital networks and what measures can be adopted to impede and mitigate their costly consequences.

Social Sustainability, Social Capital, Health, and the Building of Cultural Capital around the Mediterranean Diet

Abstract: The aim of this paper is to reflect on the importance of taking a broader and more comprehensive (and, above all, social and cultural) approach when problematizing dietary patterns in terms of sustainability. In this regard, the building of cultural capital around a medicalized concept such as the Mediterranean diet, in addition to being used to legitimize the actions carried out from the field of health, allows the highlighting of the value of social capital around this denomination. This article also analyzes how certain actions aimed at valuing the building of cultural capital related to the Mediterranean diet, such as the inscription as intangible cultural heritage of humanity by UNESCO, or the value recognition of the social capital constructed around them, have been frequently neglected and considered as subordinate to other perspectives considered more central and focused on both health and the environment.

Performance of furniture companies: from the lens of entrepreneurial psychological capital, entrepreneurial intellectual capital, and creative innovation behavior

Abstract: Furniture manufacturing is a fast-expanding global industry that is inextricably related to demography, economic performance, and global trends affecting the global population. Innovation and value-adding have slowed, while growth has been fueled by incremental inputs rather than productivity gains. This study is to determine the effects of entrepreneurial psychological capital, entrepreneurial intellectual capital, and creative innovation behavior on company performance. Questionnaires were distributed to furniture companies. The analysis was conducted quantitatively, where the findings revealed that there is a positive significant impact on entrepreneurial psychological capital, entrepreneurial intellectual capital, and creative innovation behavior. It contributes to understanding how entrepreneurial psychological capital, entrepreneurial intellectual capital, and creative innovation behavior could enhance their performance. This research presents insights into how the furniture sector can adapt to the dynamic business environment in terms of the pandemic and sustain its competitiveness.

How should intellectual capital development? An islamic religious perspective

Abstract: Purpose: The objective of this study was to reconstruct Intellectual Capital to fill gap between Humans, Corporations and God. Theoretical framework: Intellectual Capital in its form and development as part of intangible assets in the business world, both from commercial and non-commercial measurements, is part of accounting, considered a modern business perspective and a product of entity theory. This definition of Intellectual Capital shows the masculine side, the Value of Entity theory. The antithesis of this is Sharia Entity Theory which emphasizes responsibility toward the sole creator of the company's nature, specifically God. Spirituality or religion fills the gap behind critical accounting studies based on secular thinking. Design/methodology/approach: This research uses the Islamic spirituality perspective paradigm, which is at heart and related to the organizational, social, and human environment in reconstructing Intellectual Capital. Findings: The results of this study obtained that the construction of human Capital is positioning employees to have honesty, trustworthiness, ridho, demanding knowledge, shodaqoh, zakat, and ukhuwah Islamiyah. Second, structural Capital is a blessed business, not arbitrary to employees, welfare, business commitment to trustworthiness, sadaqah for business, the principle of ridho in the organization, and giving employee rights. Third, customer capital is a promise, doing good/service, honesty to customers, responsibility, ukhuwah Islamiyah, sadaqah for CSR, trustworthiness, and setting prices like for like. Research, Practical & Social implications: First, management in developing the company can change the company's philosophy through intellectual capital which is based on God's will. Second, it is important to treat human resources, organizational structure and relational capital by aligning the soul, nature and God as a manifestation of added value. Originality/value: An important finding in this research is that spirituality is the most important thing in positive change for the world in which we live. Intellectual Capital in creating value should be the result of human work that is blessed by God.

Intellectual capital terhadap capital gain melalui corporate performance

Abstract: This research aims to find out and analyze the effect of Intellectual capital on capital gains through corporate performance. The characteristics of the sample data include data on the financial statements of 10 companies belonging to the automotive company group with a financial reporting period of 6 years. From this data, indicators are calculated using a ratio formula based on variable measurement indicators with statistical application programs, including SPSS version 21 (Statistical Program for Social Science) and AMOS (Analysis Moment of Structure) version 20, which are packages in the SEM (Structural Equation Model) program. ). The results of this study indicate that intellectual capital, which consists of value added capital employed, value added Human capital , and structural capital value has a positive and significant effect on corporate performance. Intellectual capital consists of value added capital employed, value added Human capital , and structural capital value through corporate performance has a positive and significant effect on capital gains. Intellectual capital consisting of value added capital employed, value added Human capital , and structural capital value has a positive and significant impact on capital gains. It indicates that increasing the intellectual capital budget will immediately increase the company's capital gains. Corporate performance has a positive and significant influence on capital gains. It suggests that the level of corporate performance will be followed by the rise and fall of the company's capital gains.Key words: Intellectual Capital, Capital Gain, Corporate Performance

Development of human capital in the context of culturology factor

Abstract: The communicative function ensures the exchange of knowledge, experience, and ideas thanks to common basic values, understanding of the mission of the organization, and understanding of the importance of one's contribution to its implementation. The article justifies the need to use the culturology factor in the context of human capital development, based on a socio-humanistic management paradigm and value-oriented approach to managing. It is emphasized that, in the system of human capital development, the culturology factor appears in an integrated manner through the cultural functions and implementation of basic cultural elements into the structure of human capital. The article lists the main types of culture related to human capital, in particular: intellectual culture, innovative culture, informational culture, ecological culture, and their relationship. The study indicates that intellectual vectors of culture and human capital intersect due to the values which define the direction for the development of human capital, and at the same time represent the cultural core. The article highlights the presence of value aspect in every component of human capital: educational, health capital, cultural capital, and cognitive capital. It covers the importance of the synthesis of culture and human capital in increasing the level of intellectual potential of Ukraine. The author marks that, in the context of strengthening human capital on an institutional level, the motivational function prompts to increase investments in all components of the human capital, particularly, in the educational component where the foundation for intellectual potential is established. The outlook function is aimed at developing the ability to cognize and gain new knowledge of the regularities in the world, process flows, and deep essences of phenomena thanks to the culture of thinking and the culture of curiosity. The article highlights the special role of communicational function since intellectual interaction is present at all levels and embraces the external and internal environment of the organization. The communicational function ensures the exchange of knowledge, experience, and ideas thanks to common basic values and understanding of the organization's mission. It is concluded that adding a culturological component to the human capital proves the new quality of its development and expansion of the outlook potential, which discovers new opportunities to grow in the era of artificial intelligence.

Angļu valodas prasmes kā izglītības iestāžu vadītāju profesionālā kapitāla elements

Abstract: One of the variables in professional capital is decisional capital (Hagreaves & Fullan, 2012). Its quality depends on the amount and quality of other professional capital variables – human capital and social capital. Thus, decisional capital can be considered to be derived from the sum of accumulated human and social capital. Summarizing the interviews data, it can be concluded that the higher the level of English language skills, the greater the opportunity to use them as a resource for professional capital in a specific political, social and historical context. Namely, it can be said that in Latvia, in the 21st century, English language skills have become a resource for the leaders of educational institutions for the formation and development of professional practice, just as Russian language skills in the 20th century, during the Soviet occupation. Thus, if professional capital is resources, investments, and assets that make up, define, and develop a profession and its practice (Hargreaves & Fullan, 2012), then English language skills are an element of the professional capital of educational leaders. From the answers of the respondents it can be concluded that the acquisition of the English language is promoted more by the internal motivation (personality requirement / understanding of the professional dimension) than by the external motivation. In some cases, the lack of motivation is the reason why the English language skills of the managers of an educational institution are not enough to be used as a resource to increase professional capital. It may be worthwhile for education policy makers at the state and local government level to develop common requirements for the skills of the managers of an educational institution, which in addition to the formal requirements (impeccable reputation, loyalty to the Republic of Latvia, pedagogical education or higher and pedagogical education) (Izglītības likums, 1998), would serve as a basis for creating a more homogeneous corps of heads of Latvian educational institutions and the quality of education in the country as whole.

Analysis of the role and motivation of human capital in the post-pandemic period of COVID-19

Abstract: In this era of globalization, human capital as human capital is a determining factor in ensuring social and cultural progress. Human capital is able to develop itself and contribute to understanding the problems that exist in science and high technology, social, and modern economy. In creating quality education, it is determined by the role of human capital, namely the teacher as a role holder in the world of education who has the ability of intellectual capital to transfer knowledge. The quality of human capital will determine the quality of the transfer of knowledge. This study uses qualitative research so that it will produce descriptive data. This study was carried out in a Junior High School in the Malang district. 67% of human capital has carried out skills development in the form of online learning media training, 50% participated in training dissemination from teachers who had attended training, and as many as 33% had never participated in scientific activities. This shows that the quality and motivation of teachers as human capital in self-development is quite high. JEL Classification: J24, E22, M12, M14.

In Search of the Social in Psychological Capital: Integrating Psychological Capital into a Broader Capital Framework

Abstract: During the past decade, a rich literature emerged focusing on “psychological capital,” a multidimensional concept encompassing self-efficacy, hope, optimism, and resilience. So far psychological capital has been predominantly studied in the areas of work and organizational psychology, management, and organizational behavior. This paper argues that (1) the relevance of psychological capital is much broader than assumed so far and (2) that not only the outcomes but also the (social) origins and sources of psychological capital need to be studied. More specifically, the key questions that we address in this paper concern (1) how the notion of psychological capital can be integrated into a broader capital framework that allows studying (the reproduction of) social inequalities, (2) what such integration adds to disciplines such as psychology and sociology, (3) and which avenues for further research can be derived from such framework? Informed by the work of Pierre Bourdieu, we argue that psychological capital is the missing link to develop a comprehensive framework for studying (the reproduction of) social inequalities. Based on our theory building, we develop an interdisciplinary research agenda.

Social Capital: The Crucial Link for Optimizing the Impact of Human Capital

Abstract: This is a qualitative case study that explores how social capital optimizes the power of human capital in enhancing government performance and realizing broader goals and objectives that benefit an entire country. Through the analysis of data pertaining to the Republic of Armenia, the study explores approaches to growing social capital to boost the power of human capital in the government. As such, the research reveals that several work dynamics contribute to growing social capital, among which reciprocal collaboration, idea exchanges, and socialization; shared values of mutual trust and respect among staff; enabling environment of learning, openness, and healthy competition; sense of ownership, teamwork, and team performance rewards; sense of belonging and regard for national goals across units of government; and elimination of political favoritisms among staff. Though many of these notions are discussed in separate works by social science theorists, this qualitative research bundles multiple strategies in a comprehensive discussion of building social capital within and among units of government that would measurably amplify human capacity and performance for the public good.

Rethinking human capital: Perspectives from women working in the informal economy

Abstract: MotivationThe development of human capital is a priority for most nation states, accelerated by the COVID-19 global pandemic. In the context of reimagining a "new normal" post-COVID, we reconsider the concept of human capital, and focus on knowledge, skills, and training of individuals in order to capture aspects of inclusive development.PurposeThis paper shows how the perspective of women, informal sector workers, representing some of the most marginalized workers in society, informs and improves our understanding of human capital and its development and utilization.Methods and approachOur findings are derived from field-based research conducted over the summer of 2021 in which multiple (virtual) focus group discussions (FGDs) were held with selected members of the Self-Employed Women's Association (SEWA) in India.FindingsThrough our FGDs, the participants provided new perspectives and insights into our knowledge of human capital, emphasizing the importance of social protection programmes, gender equity, ongoing training opportunities, decentralized supply chains, and income security. Perhaps most significantly, the benefits accrued to women through being organized have been key to unlocking their human capital potential.Policy implicationsOur research highlights themes that are often overlooked in the literature or are beyond the scope of more narrow conceptualizations of human capital. We show that human capital is tightly interwoven with other forms of capital (community assets), and hence efforts to build the former cannot be achieved in isolation from attending to the latter.

Human capital as object of social responsibility of business and government in the formation of public policy

Abstract: Social responsibility represents such a system of relations in the "state - society - business" system, which involves the search and use of a system of motives and incentives for the private sector (business) to take into account the interests of society in its activities, ensuring compliance with social standards in work with personnel. Functioning in conditions of limited resources, both the state and the corporate sector are forced to use available resources more rationally, in particular, human capital, the level of return of which is currently defined as extremely low in Ukraine. That is why the category of human capital needs additional study. The purpose of the article is to identify the features of human capital as an object of social responsibility of business and government in the context of its influence on the quality of the enterprise, its competitiveness. At the same time, such general research methods as analysis and synthesis were used. In the course of the study, the subjects of public policy were identified, one of which is the corporate sector, which through market mechanisms forms the economy of the state, determines its resource capabilities for carrying out this or that policy. This forces us to combine the efforts of the state and business in order to make more effective management decisions. Such socially responsible behavior encourages rational use of resources, one of which is human capital. The article defines the role of human capital; ratio of human capital categories of the enterprise and individual employees; the quality of human capital, manifested in the ability to innovate, and its impact on the innovativeness of the enterprise; issues of personnel development.

Intellectual capital, social capital components and internal control weaknesses: evidence from Iran’s business environment

Abstract: Purpose This paper aims to determine whether there is a relationship between intellectual capital and social capital and internal control weaknesses and assess the relationship between the variables of intellectual capital and social capital and internal control weaknesses. Design/methodology/approach The statistical population consists of 1,309 firm-year observations from 2014 to 2020. The research hypothesis is tested using statistical methods, including multivariate, least-squares and fixed-effects regression. Findings The results demonstrate a negative and significant relationship between intellectual capital, social capital and internal control weaknesses. The study also finds that increased intellectual and social capital quality improves human resource utilization, control mechanism, creativity and firm performance. The results also show that intellectual capital and social capital enhancement will reduce internal control weaknesses in the upcoming years. Originality/value This paper is the pioneer study on the relationship between intellectual capital and social capital and internal control weaknesses in Iran, carried out separately and in exploratory factor analysis. This paper considers intellectual capital components for theoretical factor analysis, including human capital, structural capital and customer capital. Internal control weakness is assessed based on financial, non-financial and information technology (IT) weaknesses.

Not All Social Capital Is Equal: Conceptualizing Social Capital Differences in Cities

Abstract: Social capital is the basis of community-based action and constitutes an important resource for the poor in urban areas. However, social class, age, ethnicity and gender play an important role in shaping social capital outcomes. This article provides a literature-based framework for the qualitative analysis of the differences in social capital between social groups. This study defines and distinguishes social capital functions and resources and highlights the importance of taking negative effects of social capital and social capital needs into account. To test the framework, the social capital portfolios of two exemplary social groups, namely young people and ethnic minorities in urban areas, are presented. The analysis shows that the social capital resources and functions of the different groups as well as the specific needs vary in quality. The study provides a conceptual enhancement to the concept of social capital and recommends that strategies aiming at improving social capital must acknowledge the differences in social capital according to specific groups and environments.

The Influence of Cultural Capital of Guangdong Entrepreneurs on Enterprise Growth – Mediation of Innovation Behavior

Abstract: Based on Bourdieu’s cultural capital theory, entrepreneur and enterprise growth theory, the purpose of this study is to deeply excavate the connotation of the concept of Guangdong entrepreneur cultural capita l by sorting out the literature related to cultural capital and economic development, entrepreneur, and enterprise growth, and deconstructs Guangdong entrepreneur cultural capital. The constituent elements and functional functions of entrepreneurial cultural capital, analyze the similarities and differences between Guangdong entrepreneur cultural capital and entrepreneurial human capital, entrepreneurial social capital, and entrepreneurial spirit, and explain Guangdong entrepreneur cultural capital from the perspective of the mediating role of entrepreneurial innovation behavior. The research design consists of the mechanism of action on enterprise growth, and research hypotheses to be tested are put forward and empirically tested. The innovation of this research firstly re-examines the theory of entrepreneurial capital from the perspective of cultural capital, innovatively proposes the concept of Guangdong entrepreneurial cultural capital, and clarifies the connotation and functional value of Guangdong entrepreneurial cultural capital, which expands to a certain extent. The findings of this revealed the influencing factors of Guangdong entrepreneur cultural capital and the influence path on enterprise growth, constructs a theoretical model of the influence of Guangdong entrepreneur cultural capital on enterprise growth, and integrates Guangdong entrepreneur cultural capital, entrepreneur innovation behavior and enterprise growth into the framework of the same research, and explores the impact and significance of entrepreneur innovation behavior on Guangdong entrepreneur cultural capital.

Fueling innovation performance through entrepreneurial leadership: Assessing the neglected mediating role of intellectual capital

Abstract: This study uses dynamic capability theory and a resource-based view to examine whether intellectual capital (human, relational, and structural capital) mediates entrepreneurial leadership and innovation success. Drawing on data from 422 senior-level employees working in Peruvian I.T. companies, the proposed relationships were analyzed using SmartPLS 4. Entrepreneurial leadership was found to foster employees’ innovative performance through the mediating role of human capital, relational capital, and structural capital. Practically, businesses often rely on innovation for survival and growth, so they should consider entrepreneurial leadership to create intellectual capital (human capital, relational capital and structural capital) for innovation performance. Businesses should provide entrepreneurial training that emphasizes role modeling intellectual capital and encourages employees to recognize and pursue entrepreneurial opportunities. With significantly limited research, the study contributes by investigating the interrelationship of entrepreneurial leadership, intellectual capital, and innovation performance. The study contributes to the Resource Based View and Dynamic Capability Theory by demonstrating how entrepreneurial leadership contributes to innovation performance through human capital, relational capital, and structural capital.

A Review of Social and Intellectual Capital From the Lens of Corporate Social Responsibility

Abstract: This chapter reviews literature on the role of social capital and intellectual capital in the economy, and their contribution to corporate social responsibility with a particular emphasis on their importance for corporations. The chapter relates social capital and intellectual capital to concepts such as trust and corporate culture; and discusses and proposes various metrics that capture them at the firm level, including firms' corporate social responsibility (CSR) efforts. A summary of the existing research on the relation between social capital, intellectual capital, and firm value and stock market performance has been done. Finally, an analysis of whether firms are investing enough in intellectual capital and social capital in its corporate social responsibilities has been done.

Effects of Economic Capital, Cultural Capital and Social Capital on the Educational Expectation of Chinese Migrant Children

Abstract: Abstract The barrier for Chinese migrant children to receive compulsory education in megacities has been gradually solved in recent years. The demand for senior high school education is now the bottom line for most of migrant children. Unlike compulsory education, high school education in China is a prerequisite for students to enter university and can profoundly affect their future decisions. This study aims to identify how various dimensions of economic, cultural and social capital embedded in the family, school and peer contexts influence the educational expectation of Chinese migrant children. The study results showed that all dimensions of capital significantly influenced the educational expectation of migrant children except family social capital. The effect of objectified cultural capital appeared to be the most predominant factor. Surprisingly, against the original hypothesis, economic capital and embodied cultural capital negatively influenced educational expectations.

Sustainable Development of Human Capital Structure and Firm Performance<br/>—Based on Chinese A-Share Listed Companies

Abstract: Human capital is identified as one of the main determinants of firm performance. Nevertheless, existing studies have to some extent ignored the effect of human capital structure on enterprise performance. This paper is based on Chinese A-Share Listed Companies from 2010 to 2022, not only the impact of sustainable development of human capital structure on firm performance are discussed, but also the different intermediate paths of the change of human capital structure on enterprise performance are explored. By constructing a sustainable index of human capital structure and a relative peer human capital structure index, we found that sustainable development of human capital structure is an important driving factor in improving firm performance. We also found that there is no positive interaction mechanism between human capital and innovation, and the interaction mechanism is affected by the level of human capital structure and innovation; the internal pay gap has a negative regulatory effect on the sustainable development of human capital structure on enterprise performance; labor productivity plays a part of intermediary effect in the impact of sustainable development of human capital structure on enterprise performance. Furthermore, we proved the importance of sustainable development of a human capital structure for enterprise performance based on the regional market. This paper has important reference value for human resource management. Specifically, managers should not only pay attention to improving the level of human capital structure, but also explore and establish interaction mechanism between human capital and innovation, and pay attention to the moderating role of internal pay gap.

Network Capital of Youth Organizations Leaders

Abstract: Network capital provides leaders of youth organizations with mobility. According to P. Bourdieu and J. Urry, network capital develops and maintains social relations without reference to geographical location, which makes it a source of emotional, financial, or practical benefits. Network capital is supplemented and enhanced by digital capital, i.e., digital skills, online activities, membership in virtual communities, etc. Youth organization leaders accumulate network and digital capital at different stages of their career in a youth organization: before joining, as a member, and after leaving. The author interviewed experts and analyzed biographies of youth organization leaders to prove that membership in such organizations provided them with numerous opportunities and accelerated their career. In general, network interactions manifested at different stages of leaders' life path, contributing to their mobility.

Relationship analysis and concept of human capital theory and education

Abstract: This study aims to describe and analyze the concept of Education and human capital and the relationship of human capital and education. The research method used is qualitative research with descriptive analysis techniques with library studies (library research). The results showed that the management of human capital can be done through the educational process with the aim as administrative requirements and as capital to increase productivity and performance. Because based on research that has been described previously the theory of human capital has an influence on the behavior of Indonesian people in education. Education is an investment of human capital in the form of time and cost that is seen as one of the most important forms of human capital investment (human capital), both for individuals and for organizations. The benefits obtained for the individual are in addition to knowledge, skills, and experience in an indeterminate time will provide work productivity and performance.

The Impact Estimation of Human Capital on Social Well-Being and Social Development in the Digital Era: A Mathematical Model

Abstract: The paper aims to characterize the approaches to assess the impact of human capital on social well-being and the development of society. Also, we emphasize the role of education in human capital. The study also shows the changes in human capital in the digital economy. To assess human capital and build an integral indicator of social well-being, we use economic and mathematical methods and an expert method of estimates. With the help of the comparison method, we compare the indicators of human capital and social well-being. As a result, we can trace the influence of human capital on the social development of the region. The paper provides theoretical insights on how to evaluate human capital in terms of the digitalization of the economy and what factors affect its level. We assume that human capital positively affects social development. To estimate human capital through the level of its digitalization, we use the effective informational, scientific, and educational resources of the university. Therefore, we can state that the digitalization of education is one of the critical aspects of the social well-being in the region or country. Due to the chosen research approach, the study results may be generalized. Consequently, scholars can test the proposed model in their further studies. The paper includes implications for the development of human capital management, satisfying the need to study how human capital management can promote regional and national social well-being.