How To Understand How A Firm Augments Human Capital

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1 AMIT JAIN CHAURADIA Department of Business Administration Cell: (305) EDUCATION, University of Illinois Urbana-Champaign, Champaign, IL Ph.D., Business Administration (Expected Graduation: May 2014) Major: Strategy & Entrepreneurship Minor: International Business Dissertation Topic: Strategies of Human Capital Building and Acquiring (Proposal Defended: September 2013) Committee: Deepak Somaya and Joseph T. Mahoney (Co-chairs), Huseyin Leblebici, and Rebecca L. Sandefur School of Business Administration, University of Miami, Miami, FL B.B.A., Department of Management, May 2006 GPA: 3.9/4.0 Major: Business Management & Organization Minors: Biology, Chemistry Honors: Cum Laude, Departmental Honors GMAT: 750/800 (99%) Scholarships: Bowman Foster Ashe, University of Miami Alumni Association, Florida Academic Scholars, Tylenol, Association of Indians in America, Police Athletic League RESEARCH My research examines firms human capital strategies: why do firms pursue them, how do firms generate a competitive advantage from their human capital strategies, and under what conditions are human capital strategies more or less effective? My dissertation investigates the two main ways firms augment their human capital: building and acquiring. I seek to advance this important, but understudied area of research in the strategic human capital literature by explaining how and when, as well as with what performance effects, firms engage in each of these human capital strategies. The first essay from my dissertation examines how firms increase their economic returns from the strategies of building and acquiring human capital. The next essay focuses on the drivers of human capital building and acquiring; specifically, under what conditions do firms choose one human capital augmentation strategy over the other. The third essay explores the impact of the business cycle on these two human capital augmentation strategies. In my empirical work, I use a longitudinal dataset constructed by combining several secondary data sources on the largest U.S. law firms over the last two decades. In the near future, I will continue my work in this research stream and leverage the dataset to pursue a program of deeper inquiry into human capital strategies. 1

2 Research Articles Chauradia, A.J. How Do Firms Augment their Talent? A Comparative Performance Assessment of Building and Acquiring of Human Capital. Job market paper. This essay identifies four problems quality uncertainty, firm-specific human capital, team complementarities, and employee motivation that firms may need to address in order to increase their economic returns through building and acquiring human capital. These problems manifest in different ways depending on firms augmentation (building or acquiring) strategies, and thus firms need to address them in different ways. A comparative longitudinal analysis of 145 law firms indicates that reputation, prior experience with building, and the promotion chances of employees are key moderators of firms building strategy in generating superior firm performance, and the hiring of external leaders, prior experience with acquiring, and the promotion chances are key moderators of firms acquiring strategy in generating superior firm performance. Chauradia, A.J. (2011). Nation-States and the Multinational Corporation: A Political Economy of Foreign Direct Investment by Nathan Jensen. Enterprise and Society, 12(2): This is a review of Jensen s book on the influence of government policies and political institutions on multinational corporation investments, in particular, how and why countries entice foreign investors. Chauradia, A.J. & Somaya, D. The Use of Count Data Models in Management Research. To be submitted to Strategic Management Journal (Target date: January 2014). We conduct a meta-analysis of 374 articles employing count data models from in eight leading management journals, highlighting the specification and distributional issues that have lead to erroneous conclusions and then presenting ways to appropriately model and interpret count phenomena in future research. Chauradia, A.J. & Somaya, D. Is Pro Bono Also Pro Lucrum? Firm-Level Pro Bono Participation, Human Capital Advantages, and Profitability in Law Firms. To be submitted to Strategic Management Journal (Target date: March 2014). In this firm-level study on the phenomena of pro bono programs, we find that sustained commitment to pro bono positively impacts employee satisfaction, leads to superior firm performance, and positively moderates human capital leveraging and inexperienced human capital on firm performance ((through meaningful work and skill enhancement). Qian, L., Milewicz, C., Echambadi, R., Ganesh, J., & Chauradia, A.J. Customer Service Investments and Stock Performance. To be submitted to Management Science. Using quarterly data on eleven airlines from 1997 to 2006, we empirically test two implicit theoretical assumptions in the resource-based view resource accumulation and supply-demand interdependency that is necessary to gain a competitive advantage. 2

3 Work in Progress Chauradia, A.J. When Do Firms Augment their Human Capital? Somaya, D. & Chauradia, A.J. Doing Well by Doing Good: Talent Retention and Pro Bono Programs. Accepted Conference Proceedings and Presentations Chauradia, A.J. How Do Firms Augment their Talent? A Comparative Performance Assessment of Building and Acquiring of Human Capital. University of Illinois s Strategy & Entrepreneurship Pro-seminar, November 2013 University of Illinois s Research Brown Bag Series, September 2013 University of Illinois s Strategy & Entrepreneurship Pre-seminar, September 2013 Chauradia, A.J. & Somaya, D. Is Pro Bono Also Pro Lucrum? Firm-Level Pro Bono Participation, Human Capital Advantages, and Profitability in Law Firms. Wharton s People and Organization Conference in Philadelphia, PA, October 2013 Journal of Professions and Organization s Launch Workshop, Chicago, IL, June 2013 Novak Druce Annual Conference on Professional Service Firms, Oxford U.K., June 2013 University of Illinois s Law, Behavior, and Social Science Brown Bag in the College of Law, December, 2013 University of Illinois s Labor and Employment Relations Seminar, March, 2012 Somaya, D. & Chauradia, A.J. Doing Well by Doing Good (through Employees): Pro Bono Work and the Retention of Talent. Wharton s People and Organization Conference in Philadelphia, PA, October 2011 Chauradia, A.J. & Somaya, D. The Use of Count Data Models in Management Research. University of Illinois s Labor and Employment Relations Seminar, February 2012 Research Methods Division of Academy of Management in Montreal, Canada, August 2010 University of Illinois s Strategy & Entrepreneurship Pro-seminar, December 2009 TEACHING My teaching experience is in strategic management, and I look forward to integrating my human capital research and applying engaged scholarship into the classroom, such as introducing current research, innovative teaching methods, and real-life managerial practices. In addition to continuing to teach courses on strategic management, I am excited by the opportunity to teach courses in strategic human capital and strategic human resource management. 3

4 Courses Taught Business Policy and Strategy (BADM 449) I teach a senior-level undergraduate capstone strategic management course. Using the Harvard case method, this course enhances a student s abilities to define and analyze strategic problems, and identify sources of competitive advantage from both an industry and firm-level perspective. Fall 2013, in progress Fall 2010, Evaluation: Very High (4.6/5.0) Teaching Awards and Recognitions Campus Excellence in Undergraduate Teaching nomination by department, November 2011 Chosen to lead instructor-training workshop for business graduate students, August 2011 List of Teachers Ranked as Excellent by Their Students, January 2011 Certification Certificate in Foundations of Teaching, May 2011 OTHER AWARDS & HONORS Assistantships,, University of Illinois, Research (8 semesters) and Teaching (2 semesters) Graduate College Conference Travel award, 2010 and 2011 University of Illinois Urbana-Champaign Fellowship, 2008 Nominations by Department of Business Administration State Farm Scholarship, June 2013 Irwin Fellowship, May 2011 SERVICE Professional Academy of Management conference reviewer, 2011-Present Academy of International Business conference reviewer, 2013-Present 4

5 Membership in Academic Organizations Academy of Management Business Policy and Strategy Division Human Resources Division University Led teacher training workshop for graduate students in Graduate College, 2011-Present Student ambassador for recruiting new Ph.D. students for the department, REFERENCES Deepak Somaya Associate Professor of Strategy and Entrepreneurship Stephen V. and Christy C. King Faculty Fellow Tel: (217) Joseph T. Mahoney Professor of Strategy and Entrepreneurship Caterpillar Chair of Business Tel: (217) Huseyin Leblebici Professor of Business Administration Merle H. and Virginia Downs Boren Professor Tel: (217)