The virtuous circle of human resource investments: A precrisis and postcrisis analysis
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Other documents of the author: Roca-Puig, Vicente; Bou-Llusar, Juan Carlos; Beltrán-Martín, Inmaculada; García-Juan, Beatriz
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comunitat-uji-handle2:10234/8645
comunitat-uji-handle3:10234/8646
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INVESTIGACIONMetadata
Title
The virtuous circle of human resource investments: A precrisis and postcrisis analysisAuthor (s)
Date
2018-09-17Publisher
WileyBibliographic citation
ROCA PUIG, Vicente; BOU LLUSAR, Juan Carlos; BELTRÁN MARTÍ, Inmaculada; GARCÍA JUAN, Beatriz (2019). The virtuous circle of human resource investments: A precrisis and postcrisis analysis. Human Resource Management Journal, 29, 2 , p. 181-198Type
info:eu-repo/semantics/articlePublisher version
https://onlinelibrary.wiley.com/doi/epdf/10.1111/1748-8583.12213Version
info:eu-repo/semantics/acceptedVersionAbstract
We propose a dynamic model of positive feedback between human resource (HR) investments and companies' economic performance. The model assumes that HR investment increases profitability through labor productivity and, ... [+]
We propose a dynamic model of positive feedback between human resource (HR) investments and companies' economic performance. The model assumes that HR investment increases profitability through labor productivity and, in turn, profitability improves HR investment through organizational slack. Based on data from a sample of 2,497 industrial companies over a 7‐year period (2005–2011), longitudinal analysis corroborates the existence of a two‐way relationship between HR investment and profitability over time. However, the emergence of an economic crisis weakens this feedback, identifying the effect of organizational slack on HR investment as the weakest causal chain link. In a postcrisis period, HR investment is not such a high priority for managers. [-]
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Human Resource Management Journal, 2019, 29, 2Rights
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info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
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