The prime purpose of this study is to examine the influence of structural capital, rational capital and innovation performance on the knowledge related to HRM practices. Another and foremost aim of the article is to analyze the mediating role of human capital among the nexus of structural capital, rational capital and innovation performance on the knowledge related to HRM practices in pharmacy business in Thailand. The data were gathered from the employees as well as managers of HR in the pharmacy outlets situated in the top five cities in Thailand. PLS-SEM are utilizing for data analysis purpose and results indicated that structural capital, rational capital and innovation performance have positively influence on the knowledge related to HRM practices in pharmacy business in Thailand. The findings also exposed that human capital is also positively mediates among the nexus of structural capital, rational capital and innovation performance on the knowledge related to HRM practices in pharmacy business in Thailand. These outcomes give the insight to the regulation making authorities that they should increase the emphasis on the knowledge spreading activities regarding the HRM practices that improve the structural capital with the help of human capital.
Key words: HRM practices, Structural Capital, Human Capital, Pharmacy Business
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