“…In addition, it is important to take human capital—defined as the cumulative knowledge, skills, talent, and know‐how of the firm's employees (Somaya, Williamson, & Lorinkova, )—into consideration when examining the impact of employee participation. A high level of human capital is believed to increase the benefits of employee participation (Glaeser, Ponzetto, & Shleifer, ; Harrison & Freeman, ; Kerr, ). Given the conflicting findings in the current literature (e.g., Bryson et al, ; Kim & Kang, ), which suggest potential contingencies in the interaction effect of HRM and employee participation on organizational outcomes, we contend that investigating human capital, along with the association between HPWS and organizational performance, under various participative mechanisms will be helpful to address the discrepancy.…”