The Relative Importance of Human Resource Management Practices for a Firm's Innovation Performance
Swiss Federal Institute of Technology Zurich (ETH) - Swiss Institute for Business Cycle Research (KOF)
KOF Swiss Economic Institute
ETH Zürich - Swiss Institute for Business Cycle Research
September 6, 2013
KOF Working Papers No. 341
Human resource management (HRM) practices are generally expected to stimulate a firm’s innovation performance. However, which of these practices do really pay off? Based on a unique dataset that includes detailed information for both a firm’s innovation activities and different types of HRM practices we find that primarily new workplace organization practices seem to enhance a firm’s innovation activities. Flexible practices of working time management and incentive payment schemes show only small effects on both innovation propensity and innovation success. Further training does only affect innovation success, but not innovation propensity. Overall, we find a stronger linkage between innovative HRM practices and innovation propensity than with innovation success.
Number of Pages in PDF File: 44
Keywords: human resource management, workplace organization, innovation performance
JEL Classification: O31
Date posted: September 7, 2013
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