Predicting the performance of initial public offerings: Should human resource management be in the equation?

• 成果类型: Article
• 署名作者: Welbourne, TM; Andrews, AO
• 署名单位: Vanderbilt University
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/256716
• 发表日期: 1996
• 页码: 891-919
• 关键词: ORGANIZATIONAL-CHANGE; MANUFACTURING PERFORMANCE; financial performance; systems; ecology; PERSPECTIVES; COMPENSATION; turnover; strategy; survival

摘要

Population ecology is used to explain the role of human resource management (HRM) in enhancing the performance of initial public offering (IPO) companies. We examined the determinants of structural inertia and developed hypotheses on the relationship between HRM and organizational performance, The results indicate that two human resource variables, human resource value and organization-based rewards, predict initial investor reaction and long-term survival, The rewards variable negatively affects initial performance but positively affects survival.