Linking HRM and Small Business Performance: An Examination of the Impact of HRM Intensity on the Productivity and Financial Performance of Small Businesses |
| |
Authors: | Luc Sels Sophie De Winne Jeroen Delmotte Johan Maes Dries Faems Anneleen Forrier |
| |
Institution: | (1) Research Center for Organization Studies, Department of Applied Economics, Katholieke Universiteit Leuven, Leuven, Belgium |
| |
Abstract: | Attempts to explore empirically the link between HRM and firm performance are numerous. Yet, research on this link remains
restricted to large companies. Little is known about the extent to which the existing results extend to small businesses.
The purpose of the present study is to develop and test a conceptual framework linking HRM to financial performance that fits
small businesses. The central question is whether the development of an intensive HRM is profitable for smaller organizations.
For the development and optimization of the conceptual framework, we rely on human capital theory and bankruptcy prediction
models. Using structural equation modeling, we study the mediating effect of voluntary turnover and productivity on the relationship
between HRM intensity and one year lagged financial performance. The results show both productivity and profitability enhancing
effects as well as a cost increasing impact of HRM intensity. |
| |
Keywords: | financial performance HRM productivity small business management voluntary turnover |
本文献已被 SpringerLink 等数据库收录! |