The Role of Individual Actors and Banks in Human Capital Development: Evidence from the Banking Network of Ghana
Author(s)
Alex Boadi Dankyi , Dankyi Aframea Lydia , Dankyi Kwakyewaa Joyce , Olivier Joseph Abban , Antoinette Asabea Addo , Kong Yusheng ,
Download Full PDF Pages: 20-42 | Views: 795 | Downloads: 243 | DOI: 10.5281/zenodo.4922268
Abstract
The variability of the possession of the needed human capital and the ability of actors to transfer knowledge in institutional networks is of major concern in modern times for competitiveness and institutional performance. The study assessed the role of individual actors and banks in human capital development. The study adopted network analysis and Ordinary Least Square regression (OLS) to ascertain the magnitude and direction of the effect of the explanatory variables and dependent variables. The study measured the efficiency of the human capital network and assessed the key attributes of the network to efficiency. From the results, the study established that the network was 59.8% efficient in human capital development. The study, however, revealed that there was an inverse relationship between efficiency and density. The variables in regards to the model specified to indicate that each variable has a statistically significant impact on the dependent variable for each bank however Closeness to the Ideal (CI) showed a stronger significance comparatively. The following recommendations are made in light of the findings and conclusion; Banks should engage in networking activities to enhance their human capital, however, greater attention should be paid to the egonet where efficiency in human capital development will increase relatively better; that human resource managers in their employment take into consideration the fitness role of the employee within the ego net in terms of their centrality roles in human capital development. However, in the situation of cost-effectiveness, the closeness to ideal optimization centrality should be adopted. Finally, a constant and renewable source of information through activities of research and development, professional networking participation, both on the job and off the job training activities should be factored in policies of institutions to enhance human capital development at organizational levels
Keywords
Centrality measures; Human capital Development; Network Efficiency; Closeness to Ideal; TOPSIS.
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