Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
10493886 | Journal of Business Venturing | 2016 | 19 Pages |
Abstract
This paper uses British large scale survey data to examine the extent to which the recent financial crisis has affected firms' operational activity, and whether or not the existence of human resource (HR) practices have influenced firms' response to recession and workers' job experience. Our findings suggest that SMEs are more vulnerable during times of economic hardship than larger firms, but those with HR practices have shown more resilience to the downturn. Also, we find that having HR practices increases the likelihood of the firm to adopt organisational measures although the response to recession differs significantly between smaller and larger firms. Finally the results indicate differences in workers' job experience during the recession which is moderated by high and low levels of management formality.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
Yanqing Lai, George Saridakis, Robert Blackburn, Stewart Johnstone,