Looking into the black-box: analysis of the effectiveness of human resources strategy
Numerous studies have shown a positive relationship between Human Resources Management (HRM) and firm performance. However, in spite of the variety of studies, adopted approaches and statistical methodologies to be found, it has not been possible to clarify the exact manner and conditions under whic...
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Faculty of Economics University of Rijeka
2009-06-01
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Online Access: | https://www.efri.hr/sites/efri.hr/files/cr-collections/2/pena-2009-1.pdf |
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doaj-4faa77510c3d44de992d28121ce4249f2020-11-25T03:28:59ZdeuFaculty of Economics University of RijekaZbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu1331-80042009-06-012713156Looking into the black-box: analysis of the effectiveness of human resources strategyMª del Valle Fernández MorenoIsidro Peña Garcia PardoNumerous studies have shown a positive relationship between Human Resources Management (HRM) and firm performance. However, in spite of the variety of studies, adopted approaches and statistical methodologies to be found, it has not been possible to clarify the exact manner and conditions under which HRM can become a source of competitive advantage. This can be explained by the fact that most empirical works have ignored mediating hypothesis and merely examined the direct relationship between High Performance Work Systems (HPWS) and firm performance. This article, attempts to gain further insights into such an analysis by integrating the two main theoretical approaches in this field: The Resource Based View (RBV) of firm and Behavioural Theory. Using a sample of 62 financial firms we examined this mediating and moderating effect of Human Capital and HR Outcomes on the HPWS – Business Performance linkage. Hierarchical Regression Analysis revealed that HPWS was positively related to firm performance, Human Capital and HR outcomes. In addition, the level of Human Capital and HR outcomes mediate the relationship between HPWS and firm performance. These results shed new light on the mechanisms through which HPWS impacts business performance.https://www.efri.hr/sites/efri.hr/files/cr-collections/2/pena-2009-1.pdfHuman resources management (HRM)Resource-based view of the firmBehavioural theory |
collection |
DOAJ |
language |
deu |
format |
Article |
sources |
DOAJ |
author |
Mª del Valle Fernández Moreno Isidro Peña Garcia Pardo |
spellingShingle |
Mª del Valle Fernández Moreno Isidro Peña Garcia Pardo Looking into the black-box: analysis of the effectiveness of human resources strategy Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu Human resources management (HRM) Resource-based view of the firm Behavioural theory |
author_facet |
Mª del Valle Fernández Moreno Isidro Peña Garcia Pardo |
author_sort |
Mª del Valle Fernández Moreno |
title |
Looking into the black-box: analysis of the effectiveness of human resources strategy |
title_short |
Looking into the black-box: analysis of the effectiveness of human resources strategy |
title_full |
Looking into the black-box: analysis of the effectiveness of human resources strategy |
title_fullStr |
Looking into the black-box: analysis of the effectiveness of human resources strategy |
title_full_unstemmed |
Looking into the black-box: analysis of the effectiveness of human resources strategy |
title_sort |
looking into the black-box: analysis of the effectiveness of human resources strategy |
publisher |
Faculty of Economics University of Rijeka |
series |
Zbornik radova Ekonomskog fakulteta u Rijeci : časopis za ekonomsku teoriju i praksu |
issn |
1331-8004 |
publishDate |
2009-06-01 |
description |
Numerous studies have shown a positive relationship between Human Resources Management (HRM) and firm performance. However, in spite of the variety of studies, adopted approaches and statistical methodologies to be found, it has not been possible to clarify the exact manner and conditions under which HRM can become a source of competitive advantage. This can be explained by the fact that most empirical works have ignored mediating hypothesis and merely examined the direct relationship between High Performance Work Systems (HPWS) and firm performance. This article, attempts to gain further insights into such an analysis by integrating the two main theoretical approaches in this field: The Resource Based View (RBV) of firm and Behavioural Theory. Using a sample of 62 financial firms we examined this mediating and moderating effect of Human Capital and HR Outcomes on the HPWS – Business Performance linkage. Hierarchical Regression Analysis revealed that HPWS was positively related to firm performance, Human Capital and HR outcomes. In addition, the level of Human Capital and HR outcomes mediate the relationship between HPWS and firm performance. These results shed new light on the mechanisms through which HPWS impacts business performance. |
topic |
Human resources management (HRM) Resource-based view of the firm Behavioural theory |
url |
https://www.efri.hr/sites/efri.hr/files/cr-collections/2/pena-2009-1.pdf |
work_keys_str_mv |
AT madelvallefernandezmoreno lookingintotheblackboxanalysisoftheeffectivenessofhumanresourcesstrategy AT isidropenagarciapardo lookingintotheblackboxanalysisoftheeffectivenessofhumanresourcesstrategy |
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