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Abstract

The changing global business landscape has placed human capital as one of the strategic elements in creating competitive advantage and improving organisational performance. In this context, understanding the role of human capital on value creation and its impact on financial performance has become increasingly relevant. This study aims to review and synthesise the literature that discusses the relationship between human capital, value creation, and financial performance through a Systematic Literature Review (SLR) approach. This type of research is descriptive qualitative that relies on secondary data from scientific articles published in the period 2009-2024. The literature analysed was selected from reputable databases such as Scopus, Web of Science, ScienceDirect, and Google Scholar, using a purposive sampling technique, with a total of 60 articles that met the inclusion criteria. The location and time of the study were not geographically limited due to the global nature of the literature. The results of the analysis show that human capital directly and indirectly affects financial performance, through a value creation mechanism that includes innovation, efficiency, and optimisation of internal processes. The effectiveness of the relationship is also influenced by various contextual factors such as organisational strategy, work culture, and industry dynamics. The implications of these findings drive the importance of strategically integrating human capital development with value creation processes to sustainably improve organisational financial performance.

Keywords

Human Capital Value Creation Financial Performance HR Strategy Literature Review

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