The Impact of Human Resource Management Practices on Turnover, Productivity, and Corporate Financial Performance
Academy of Management Journal, Vol. 38, No. 3, pp. 635-672, 1995
38 Pages Posted: 8 Apr 2011 Last revised: 8 Mar 2017
Date Written: April 5, 1995
This paper comprehensively examined the linkages between systems of High Performance Work Practices and firm performance. Results based on a national sample of nearly one thousand firms indicate that these practices have an economically and statistically significant impact on both intermediate outcomes (turnover and productivity) and short- and long-term measures of corporate financial performance. Support for the predictions that the impact of High Performance Work Practices is in part contingent on their interrelationships and links with competitive strategy was limited.
Keywords: HR, High Performance Work Systems, Corporate Financial Performance, Productivity
JEL Classification: M5
Suggested Citation: Suggested Citation