A Definition of Labor Capital from a Social Perspective

Abstract

Aim: An alternative definition to labor capital is suggested from a social perspective.

Methods and techniques: A qualitative non-experimental methodology characterized by state-of-the-art analysis in relation to labor capital was put into practice, together with a context analysis in which companies develop their actions as a trend of development, which  is  part  of  corporate  social  responsibility.  The  technique  used  was  content analysis.

Main results: A definition of  labor capital was made from  a social perspective, in keeping  with  current trends  in  entrepreneurial  activity,  which  include  attachment  to corporate social responsibility, and the main existing contributions to define labor capital based on the analysis of different criteria.

Conclusions:  A definition  of  labor  capital  was  suggested  in the  form  of  a  holistic combination of three perspectives (accounting, financial, and managing), plus a fourth perspective (social).