The human resource executive effect in initial public offering firms

• 成果类型: Article
• 署名作者: Welbourne, TM; Cyr, LA
• 署名单位: University of Michigan System; University of Michigan; Harvard University
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/256983
• 发表日期: 1999
• 页码: 616-629
• 关键词: ORGANIZATIONAL DECISION; financial performance; management; systems; COMPENSATION; PRODUCTIVITY; university; inertia; IMPACT; MODEL

摘要

There is much discussion about firms putting human resource management (HRM) to strategic use, in part by hiring senior HRM executives. This study explored whether that recommendation can help entrepreneurial, growth-oriented companies. By applying organizational inertia concepts, we investigated whether having a senior HRM executive reporting to a firm's CEO affected firm performance in a sample of firms making their initial public offerings (IPOs). Results indicate that smaller, fast-growing IPOs experience the most gain from having senior human resource executives.