Distinct dimensions of human capital in distressed firms: Implications for firms and research
By: Baxi, Amol and Saradhi, V. Raveendra
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Material type: 
BookPublisher: Vikalpa: The Journal for Decision Makers Description: 51(1), Jan-Mar, 2026: p.7-24.Subject(s): Humana capital, Distress, Bankruptcy, Downsizing, Labour and finance
In:
Vikalpa: The Journal for Decision MakersSummary: This study examines how research has analysed human capital in distressed firms, which face unique challenges and complex choices impacting survival. This paper highlights that while literature has grappled with several sub-streams of interrelated research, their integration into a specialised subject from a distress perspective remains. Drawing perspectives from multiple research streams, we highlight the distinct issues distressed firms face in the human capital context. We present a conceptual framework outlining the ex-ante interactions of bankruptcy and human capital across the distress lifecycle (pre-distress, distress, and bankruptcy). This paper recommend a greater ex-ante focus (managerial, academic, and research) on the distinct dimensions of human capital across the distress lifecycle to avoid firm collapse/liquidation events.-Reproduced
https://journals.sagepub.com/doi/full/10.1177/02560909241254149?_gl=1*2ey25s*_up*MQ..*_ga*NzUxNjcyODAyLjE3Nzc
1NDAxMjU.*_ga_60R758KFDG*czE3Nzc1NDAxMjUkbzEk
ZzEkdDE3Nzc1NDAxNDAkajQ1JGwwJGgzNTU2NjEzMjE.
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | 51(1), Jan-Mar, 2026: p.7-24 | Available | AR138753 |
This study examines how research has analysed human capital in distressed firms, which face unique challenges and complex choices impacting survival. This paper highlights that while literature has grappled with several sub-streams of interrelated research, their integration into a specialised subject from a distress perspective remains. Drawing perspectives from multiple research streams, we highlight the distinct issues distressed firms face in the human capital context. We present a conceptual framework outlining the ex-ante interactions of bankruptcy and human capital across the distress lifecycle (pre-distress, distress, and bankruptcy). This paper recommend a greater ex-ante focus (managerial, academic, and research) on the distinct dimensions of human capital across the distress lifecycle to avoid firm collapse/liquidation events.-Reproduced
https://journals.sagepub.com/doi/full/10.1177/02560909241254149?_gl=1*2ey25s*_up*MQ..*_ga*NzUxNjcyODAyLjE3Nzc
1NDAxMjU.*_ga_60R758KFDG*czE3Nzc1NDAxMjUkbzEk
ZzEkdDE3Nzc1NDAxNDAkajQ1JGwwJGgzNTU2NjEzMjE.
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