Human resource management and performance in European firms

Rizov, Marian and Croucher, Richard (2009) Human resource management and performance in European firms. Cambridge Journal of Economics, 33 (2). pp. 253-272. ISSN 0309-166X

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Human resource management and performance in European firms

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We develop a theoretical framework to examine three hypotheses on the relationship
between human resource management (HRM) practices and organisational
performance in European firms. The first is that collaborative forms of HRM
practice are more strongly associated with superior firm performance than
calculative forms. The second is that these associations are strongest where national
institutional and normative settings support them. The third is that employer–
employee consultative committees and collective payment methods are also
associated with superior firm performance. The first two propositions are strongly
empirically supported, as is the third, albeit more weakly. The implications of the
findings for European policy and Varieties of Capitalism theory are discussed.

Keywords:HRM practices, Labour extraction function, Firm performance, Institutions, European social model, Varieties of capitalism
Subjects:L Social studies > L140 Econometrics
N Business and Administrative studies > N600 Human Resource Management
L Social studies > L360 Socio-economics
L Social studies > L171 Capitalism
L Social studies > L110 Applied Economics
L Social studies > L170 Economic Systems
Divisions:Lincoln International Business School
ID Code:19547
Deposited On:13 Nov 2015 10:09

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