Improving labor productivity: human resource management policies do matter
Article Abstract:
The relationship between human resources (HR) management practices and labor productivity is examined. It is hypothesized that labor productivity is positively related to the sophistication of HR planning, to investments that enhance productivity-related information about applicants in the recruitment process, and to investments in employee development. It is also theorized that interactions between investments in HR planning, recruitment, employee development and capital intensity will have a positive impact on labor productivity. These hypotheses are tested using data from 319 business units. The results of the study indicate that firm-level performance outcomes are significantly affected by the company's HR practices.
Publication Name: Strategic Management Journal
Subject: Business
ISSN: 0143-2095
Year: 1996
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Real options reasoning and a new look at the R&D investment strategies of pharmaceutical firms
Article Abstract:
A firm's motivation to invest in a new option was studied and explored. Analysis of a large sample of patents by firms active in the pharmaceutical industry showed that their investment in the Research and Development (R&D) were consistent with the logic of Real Options Reasoning (ROR).
Publication Name: Strategic Management Journal
Subject: Business
ISSN: 0143-2095
Year: 2004
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