Professional Documents
Culture Documents
www.emeraldinsight.com/1401-338X.htm
Human resource
Human resource policies, policies
management accounting
and organisational performance
245
Reza Kouhy
Glasgow Caledonian University, Glasgow, UK
Rishma Vedd
California State University, Northridge, California, USA
Takeo Yoshikawa
Graduate School of Hosei University, Kamakura, Japan, and
John Innes
University of Dundee, Dundee, UK
Abstract
Purpose – The purpose of this paper is to examine the relationships between human resource (HR)
policies, management accounting and organisational performance in Canada, Japan and the UK.
Design/methodology/approach – A cross case analysis of the observations emerging from
each of six case studies (two in Canada, two in Japan and two in the UK) result in a set of 13
findings.
Findings – The seven main HR policies emerging from this study are the “job for life” (in one British
and two Japanese cases), recruitment, training, performance-related bonus scheme, teamwork,
organisational culture and pensions. Important communication links between HR managers and
management accountants are budgets, strategic plans, performance-related bonus scheme and
decision making. The “job for life” policy, employee recruitment decisions, viewing employees as
assets (rather than costs), training, performance-related bonus scheme, teamwork, organisational
culture and a good pension scheme all had an impact on organisational performance.
Research limitations/implications – It is very difficult to link specific HR policies with changes in
organisational performance because of the number of other variables affecting organisational
performance and the time lags involved.
Originality/value – Several of the case studies are making real progress in establishing links
between specific HR policies and changes in organisational performance by using benchmarking or
employee opinion surveys or a combination of the results of both external benchmarking and
employee opinion surveys over a number of years.
Keywords Human resource strategies, Management accounting, Organizational performance, Canada,
Japan, United Kingdom
Paper type Research paper
Introduction
The project reported in this paper examined the relationships between management Journal of Human Resource Costing &
accounting, human resource (HR) policies and organisational performance on the basis Accounting
Vol. 13 No. 3, 2009
of six cases (two in Canada, two in Japan and two in the UK). It is difficult to link the pp. 245-263
effects of different HR policies with organisational performance because of the twin q Emerald Group Publishing Limited
1401-338X
problems of the number of other factors affecting organisational performance and time DOI 10.1108/14013380910995520
JHRCA lags (for example, between the introduction of a new HR policy and its resulting effect
13,3 on organisational performance). However, it is only by working in this area that our
knowledge will improve.
This project built on the results of a previous project funded by the UK Chartered
Institute of Management Accountants on management accounting and strategic
human resource management (SHRM) (Innes et al., 2001) by:
246 .
extending the research into the area of the relationship between different types of
HR policies and organisational performance and, in particular, how management
accountants help to establish links between HR policies and organisational
performance; and
.
extending the research into Japanese case studies to give a different perspective
and another point of comparison.
Katou and Budhwar (2006, p. 1241), in their research based on a sample of 178
organisations in the Greek manufacturing sector, concluded that “managers should
recognise that changes in employee skills, attitudes and behaviour that are caused by
HRM policies precede changes in organisational performance”. Selvarajan et al. (2007)
investigated the role of human capital philosophy in promoting firm innovativeness
and performance by analysing data from 246 companies in Ireland. Selvarajan et al.
(2007, p. 1467) concluded that “[. . .] the results of this study provide reasonably strong
support for the role played by firms’ employment-oriented human capital philosophies
in promoting firm innovativeness and performance”.
In his exploratory study, Liao (2006, p. 716) concluded that “empirical results from
93 firms reveal that the appropriate use of HRM control systems was a contributing
factor to firm performance”. From a survey of 124 Turkish firms, Kaya (2006, p. 2084)
found that:
HRM practices (which emphasise behaviour and attitude, extensive training on job skills,
written instructions and procedures, team activities, training in multiple functions, incentive
to meet objectives, communication of strategy, interaction facilities and feedback on
performance) are important for enhancing firm performance.
Such literature provides evidence of a link between HRM and organisational
performance. However, to date most of this research has been conducted by HRM
specialists rather than management accountants. Roslender (2009) has suggested that
an alternative outlet in accounting journals is required for work that is currently
published in HRM journals. Management accounting is one way of reporting the
HRM-organisational performance link. Purcell (1995, p. 84) argued that “the challenge
of human resource management is to show a link between policy, practice,
and organisational outcomes that is meaningful to the corporate board”. That is a role Human resource
of management accounting. Armstrong (1995, p. 150) has suggested that the outcome policies
(performance) of HRM activities can be reported in management accounting terms.
Ezzamel et al. (1995) suggested that achieving a competitive advantage through
strategic HRM placed an increased emphasis on the need for organisations to take a
more strategic approach to managing their employees. Some Japanese organisations
had a more direct link between corporate strategies and management accounting 249
compared with Western organisations. For example, Hiromoto (1988) argued that
Japanese organisations used their accounting system to motivate employees in more of
an “influencing role” than an “information role” in the managerial process.
Research method
This research project involved six case studies in total with two conducted in Canada,
two in Japan and two in the UK. Two researchers were present during all six case
studies. Management accountants, HR and other managers were interviewed.
Interviewees were encouraged to talk openly about the topic and were asked for more
details such as “can you give examples” or “why” or “how”. Broad questions were
asked to try to ensure that the researchers did not influence the interviewees’
responses. The researchers were open-minded but not empty minded to try to ensure
the collection of sufficient and relevant data (Dey, 1993). Whenever possible,
interviews were tape recorded and transcribed. In addition to these interviews, these
six case studies included observation by the researchers and examination of many
documents and reports giving other sources of evidence. A full draft case write-up
was given to each organisation for their comments and in order to correct any factual
inaccuracies.
Case studies
There is no ideal number of case studies for a research project but Eisenhardt (1989,
p. 545) suggested that “a number between four and ten case studies usually works
well”. The researchers decided to conduct two cases in Canada, two in Japan and two in
the UK. Some details about the six cases are given in Table I. The six cases were
building materials, consumer products, electronics, software development, timber
products and a utility. One company had existed for about 20 years but the other five
Cross-case analysis
A cross-case analysis (involving comparison and contrast of the six case studies) was
undertaken to identify similarities between the findings (from the six individual case
studies) that could be developed into overall findings. Any finding emerging from three
or more of the case studies will be developed into an overall finding.
HR policies
The HR policies mentioned by the interviewees in at least three of the six cases are as
follows:
(1) job for life;
(2) recruitment;
(3) training;
(4) performance-related bonus scheme;
(5) teamwork;
(6) organisational culture; and
(7) pensions.
1. Job for life. The two Japanese companies (Cases A and B) had a “job for life” policy
although this policy had come under increasing pressure in recent years from
international competition and other factors. Given this “job for life” policy, the
interviewees in Cases A and B considered themselves as first Case A or Case B
employees and second, as management accountants, HR managers and other
functional managers. Case A emphasised hiring internally and adopted a policy of
internal “free agents”. Theoretically, this meant that any employee could apply for any
job in any division of the company although in practice some limits were imposed.
One British company (Case F, the utility) also had a “job for life” policy. Of course,
employees did leave Case F but the average length of service was over 15 years.
Canadian Case C had a big initiative on training. Existing employees were trained to
develop new skills (including leadership and soft skills) and training firms ran
workshops so that employees could become multi-skilled. Case C operated a “transfer
of learning” contract where employees explained in advance how they were going to
transfer their new learning to their daily functional role after the training course was
completed. In addition, to classroom training, Case C had a lot of “on-the job training”.
In the recent past Case C had “downsized” with a number of employees being
JHRCA made redundant. The multi-skills of the remaining employees had helped Case C after
13,3 this “downsizing”.
Canadian Case D had adopted a very specific type of “on-the-job training”. This
involved identifying the knowledge required for specific jobs, giving a list of questions
to employees to help them to identify for themselves where they had a specific
knowledge gap. The employees themselves then took the necessary steps (including
252 training courses) to bridge their knowledge gap.
4. Performance-related bonus scheme. Cases A-C and F operated performance-related
bonus schemes for employees. Japanese Case A’s scheme operated at the divisional level
with divisions rated A, B or B þ on the basis of the following weighted average model
(Table III).
Japanese Case B had a bonus system based on a form of economic value added
(EVA is a registered trademark of Stern Stewart & Co). This system was a combination
of both company targets and individual targets described as “stretched goals” that
challenged employees. Canadian Case C used 15 key performance indicators in its
bonus system and financial measures accounted for only three of these 15 indicators.
The main financial performance measurement used was, as in Case B, EVA. In British
Case F the performance-related bonus scheme was based on a weighted combination of
the following:
.
total shareholder return;
.
customer service (in relation to industry peers); and
.
safety performance (in relation to industry peers).
Percentage
Achievement of budget 25
Cash flow 20
Profitability 15
Improvement 15
Growth 10
Non-financial measures 15
Table III. 100
6. Organisational culture. In Cases C-F, the interviewees mentioned the development of Human resource
organisational culture in relation to employees. In Canadian Case C, the group was policies
trying explicitly to change its culture and the current programme was “leader for
tomorrow” involving more employee empowerment. The “leader for tomorrow”
programme was a participative process of continuous improvement involving all
employees and included:
.
vision and purpose; 253
.
driving for results;
.
customer focus;
.
leading change; and
.
integrity and values.
Performance measurement
All six case studies used a mixture of financial and non-financial performance
measures. In Japanese Case A financial measures were predominant with close
monitoring of sales (including sales per employee) and costs. As mentioned above, in
Case A the performance-related bonus model used to assess its divisions included
achievement of budget, improvement, growth and non-financial measures. Japanese
Case B used a form of EVA and set EVA goals every year with adjustments being
JHRCA made every six months. Sustainable growth was the fundamental goal of Case B.
13,3 In addition to EVA, Case B used cash flow as a performance measure and a number of
non-financial measures including customer satisfaction, employee morale, quality,
market share, safety and social contribution. The interviewees in Case B suggested
that the social contribution performance measure was increasingly important.
Canadian Case C used a quadruple bottom line with particular emphasis on the
254 environmental aspect. The main financial performance measurement was EVA and its
bonus system had 15 key performance indicators with 12 of these being non-financial
measures. Case C benchmarked its performance against other plants within the group
and against its competitors. Canadian Case D used a mix of financial and non-financial
performance measures including return on net assets, productivity, safety,
environment, scrap, quality and delivery.
British Case E defined its performance by a mix of financial and non-financial
measures with the main financial measures being cash flow and sales. The non-financial
performance measures included customer satisfaction, quality and delivery. British
Case F followed what several interviewees termed “a traditional or old-fashioned”
approach to performance measurement with the emphasis on profitability. The bonus
scheme used a weighted combination of total shareholder return, customer service and
safety performance (the latter two measured in relation to its industry peers).
In Cases A-C and F the HR managers and management accountants worked closely
together in relation to the bonus scheme. For example, in Japanese Case B and
Canadian Case C the management accountants interpreted the meaning of EVA reports
for HR managers. In Cases A-C and F the management accountants discussed the
financial and non-financial components of the bonus model with HR managers before
the proposed bonus model was finalised and later interpreted the actual results from
the bonus scheme. The second overall finding is:
(2) A performance-related bonus scheme is an important communication link
between HR managers and management accountants.
In the individual cases, communication links also existed between HR managers and
management accountants in relation to decision making. For example, in Canadian
Case C the management accountants calculated that Case C spent four times as much
on workers’ compensation as its competitors in the same industry. The HR managers
and management accountants were now working together and had already managed to
reduce very significantly Case C’s workers’ compensation payments. The
“downsizing” period in Case C had been another time when HR managers and
management accountants had worked very closely together. After the “downsizing” Human resource
and the subsequent training and retraining, Case C’s employees set improved records policies
for both levels of production and quality. Similarly, in British Case F many HR
managers and management accountants had almost daily contact in a decision making
capacity. The third overall finding is:
(3) Decision making is an important communication link between HR managers
and management accountants.
255
2. Recruitment and training. In all six case studies, the interviewees considered the role
of employees in achieving the organisation’s budgeted performance to be extremely
important. The interviewees in all six case studies considered recruitment decisions to
be critical in relation to their organisation’s future performance by hiring the necessary
quality and mix of employees. The fifth overall finding is:
JHRCA (5) Employee recruitment decisions have a major impact on an organisation’s
13,3 future level of performance.
In all six cases the employees were regarded as “assets” who created additional value
rather than “costs” that the organisation had to recover. The interviewees in all six case
studies considered that viewing employees as assets had a positive long-term effect on
256 their organisation’s performance although the interviewees suggested that, in the
short-term, viewing employees as assets led to increased expenditure (such as
increased training and other costs). The sixth overall finding is:
(6) When employees are viewed as assets (rather than costs), this can lead to
increased expenditure in the short-term but has a positive effect on an
organisation’s long-term performance.
In all six case studies the interviewees had no doubt that training had a positive effect
(with a time lag) on organisational performance. In Japanese Case A one interviewee
said that:
[. . .] when we went through a very difficult period a few years ago, we decided to increase our
training budget because we realised that we needed our employees to develop some new skills
necessary for Case A’s survival. Remember that we are training very loyal and very
motivated employees. In fact, to fund such training investment in the past, all employees in
Case A agreed to take a small salary reduction.
Several interviewees in Case A considered that the improving financial performance of
Case A was linked directly to this specific increase in training a few years ago.
One way that Case A was attempting to assess the effect of training on
organisational performance was by surveying employees for their views. By
comparing the results of such surveys over a number of years, Case A was trying to
link the effects of specific HR policies (such as training) with organisational
performance. Interviewees in Case A stated that such a link was difficult to establish –
particularly because of the time lag problem. However, generally interviewees in Case
A considered that, by attempting to establish such links, Case A was becoming better
at assessing the effects of new HR policies. It was still very much an inexact science but
as one interviewee said “it is only by attempting to link HR policies and organisational
performance that we will improve our expertise in this area”.
In Japanese Case B, interviewees considered that the long-term training for
employees improved its organisational performance. Several interviewees echoed the
comment made by one interviewee that “increasing the knowledge and skills of our
employees leads to increased customer satisfaction that in turn leads to improved
financial performance”.
In Canadian Case C, the training programme (particularly its supervisory training)
at the research site had been identified as best practice within the whole group. Case
C’s managers from countries such as Brazil, France and the USA (as well from other
Canadian plants) had visited this plant to study particularly its supervisory training
programme. This plant had consolidated all the managers’ individual training budgets
and, with this one total budget, had adopted a zero-based budgeting approach to
ensure that “important developmental training took place rather than just training for
training’s sake”. Case C tried to link the output from its training to its organisational
performance in two ways. First, it had a list of required skills for the future and
monitored such skills emerging from its training programme against its organisational Human resource
performance. Second, it adopted a micro approach requiring all employees to write a policies
report both 30 and 90 days after completing their training programme. These reports
analysed how well that specific training programme met that employee’s own personal
development training contract that was linked to the performance of that particular
individual.
Although Canadian Case D had experienced a reduction in the number of employees, 257
four day training sessions were introduced to enhance employees’ skills. These training
sessions included both formal lectures and hands-on applications to solve common
operational problems. One factor behind the improved organisational performance of
Case D was that there had been relatively little management turnover since the mid
1990s and Case D had concentrated on “making things better and learning new skills”.
One interesting feature of Case D was that there was no specific budget for training.
Instead training was driven purely by employees’ needs and demands. The interviewees
had no doubt that “employee initiated training” and “continual upgrading of skills” were
both major factors behind the continuing improvement in Case D’s overall performance.
In British Case E, a great deal of emphasis had been placed on the training of sales
employees in terms of their knowledge of the product (software program) including the
detailed manual. Case E was a relatively small company and one interviewee
suggested that “we can see a clear link (with a relatively short time lag) between
effective training and improved organisational performance”.
For many years British Case F had spent much less per head on training than the
industry average. Recently, Case F decided to increase its training expenditure per
head but this increase was closely linked to other organisational performance targets.
A major target was to improve customer service in its call centres. Therefore, Case F
monitored closely that, with a time lag involved, increased training costs for its call
centres led to improved customer satisfaction.
An operational manager in British Case F provided a micro example of the links
between training and organisational performance. This interviewee said that “when I
identify a problem, I consider investing in training”. He gave the example of the cost of
faults that had been a longstanding problem. With the assistance of HR staff, he
tackled the problem by introducing new training for team managers in relation to team
performance. This training had two effects. First, the team dealing with capital projects
improved so that “the team got it right first time more often” meaning that the total
number of faults decreased after this team training. Second, the team repairing the
faults found that the training improved their performance so that the cost of repairing
each fault decreased. The overall effect was a dramatic decrease in the total cost of
faults after the training. The seventh overall finding is:
(7) Training can lead to reduced employee turnover, increased
customersatisfaction and improved organisational performance.
Conclusions
The interviewees in all six case studies suggested that it was difficult to link a specific
HR policy with a change in organisational performance. However, several of the case
studies were making great efforts in this area. Japanese Case A surveyed employees to
JHRCA attempt to assess the effects of particular changes in HR policies. For example, a few
13,3 years ago a system of management by objectives was introduced coupled with a
feedback system. Case A was monitoring the effects of this change in policy in relation
to organisational performance. By comparing the results of such employee surveys
over a number of years, Case A was trying to link the introduction of specific HR
policies with their effect on organisational performance. Interviewees in Case A
260 suggested that by attempting to make an explicit link between a new HR policy and
organisational performance, Case A was becoming better at assessing the effects of the
introduction of new HR policies.
Cases B-D and F benchmarked their results. For example, Japanese Case B
benchmarked performance both between its own business units and against other
organisations including its competitors. The interviewees in Case B considered that
benchmarking its HR information helped it to improve its overall performance. Case B
placed as much emphasis on internal benchmarking as on external benchmarking to
improve its overall performance. Case B was also making great efforts to link its
non-financial performance measures with its future financial performance. In
particular, Case B was trying to identify the different time lags between
improvements in its non-financial performance measures and the resulting
improvements in its financial measures.
Canadian Case C benchmarked both its financial and non-financial performance
measures against its competitors. The interviewees in Case C suggested that
benchmarking its HR information was a useful technique in helping it to improve its
overall performance. Benchmarking proved to be particularly helpful when Canadian
Case D acquired new plants because the benchmarking results after such acquisitions
highlighted areas of difference requiring further investigation. Case D conducted
annual employee surveys and had made progress in trying to link the effects of specific
HR policies to its organisational performance by combining the results of its employee
opinion surveys with its benchmarking results.
In the past British Case F had entered into an HR benchmarking scheme (as distinct
from a normal benchmarking scheme) with other organisations to give it another basis
of comparison in relation to its own HR policies and organisational performance. Case
F combined its HR benchmarking results with the results of its annual surveys of
employees’ opinions. The management accountants and HR managers analysed and
combined the results from this HR benchmarking and from these surveys over several
years so that relationships could be established between specific HR policies and
organisational performance (taking into account issues such as time lags and the
number of other factors affecting organisational performance). The 12th and 13th
overall findings are:
(12) The results of employee surveys over a number of years can help to show the
relationship between the introduction of new HR policies and organisational
performance.
(13) Benchmarking information over a number of years can be used to explore the
relationship between specific HR policies and organisational performance.
The above 13 overall findings are the main results of this research project. With so
many other variables and the time lags involved, it is very difficult to link the effects of
HR policies to changes in organisational performance. However, given the amounts of
money involved in different HR policies and the impact on individual employees, Human resource
HR managers and management accountants in some organisations are working policies
together to try to determine such links between HR policies and organisational
performance and are beginning to make some real progress.
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