Research Output
Business Strategy, Human Resource Management and Corporate Performance: Evidence from Small Firms in the UK and US
  There is a large and growing literature on the relationship between the use of human resource management practices on the one hand, and corporate performance on the other (see for example Appelbaum et al., 2000; Guest et al., 2000; Huselid and Becker, 1996; Ichniowski et al., 1994, 1997; Mac-Duffie, 1995; Way, 2002; Wood and de Menezes, 1998). This literature has mostly found some degree of positive association between the use of such human resource practices on the one hand and organizational outcomes and corporate performance on the other. However, the strength and significance of the associations found varies across studies. Thus the general claim from the HR literature — of a positive association between what might be termed ‘progressive’ human resource management practices on the one hand, and organizational outcomes and corporate performance on the other — is precisely that: a general claim that may not apply to any given firm, since that firm may not exhibit the specific characteristics — such as pursuing an innovating rather than cost-cutting strategy — that are found to be particularly associated with these positive outcomes.

  • Date:

    31 December 2008

  • Publication Status:

    Published

  • Funders:

    Economic and Social Research Council

Citation

Michie, J., & Sheehan, M. (2008). Business Strategy, Human Resource Management and Corporate Performance: Evidence from Small Firms in the UK and US. In C. van Beers, A. Kleinknecht, R. Ortt, & R. Verburg (Eds.), Determinants of Innovative Behaviour: A Firm’s Internal Practices and its External EnvironmentLondon: Palgrave Macmillan

Authors

Keywords

Small Firm Human Resource Management Business Strategy Corporate Performance Human Resource Management Practice

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