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HRM signals for the capital market
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Krausert, Achim (2016) HRM signals for the capital market. Human Resource Management, 55 (6). pp. 1025-1040. doi:10.1002/hrm.21718 ISSN 0090-4848.
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Official URL: http://dx.doi.org/10.1002/hrm.21718
Abstract
This conceptual study contributes to an emerging literature at the intersection of strategic HRM and finance, which is concerned with the undervaluation of future oriented HRM practices in the capital market and consequent disincentives for managers to invest in such HRM practices. More specifically, the study contributes to a search for signals of HRM investments that the capital market either attends to or should attend to. It focuses on potential signals of high-performance work systems (HPWSs), constituting an HRM investment that has been at the center of research in strategic HRM. Based on signaling theory, a model is proposed of relationships among three signal characteristics (signal fit, signal erosion, and signal diffusion) and sustainable signal correlation. The model provides a basis for the exploration of alternative strategies for the establishment of an HRM signal tailored specifically to the needs of the capital market.
Item Type: | Journal Article | ||||||||
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Divisions: | Faculty of Social Sciences > Warwick Business School | ||||||||
Journal or Publication Title: | Human Resource Management | ||||||||
Publisher: | John Wiley & Sons, Inc. | ||||||||
ISSN: | 0090-4848 | ||||||||
Official Date: | November 2016 | ||||||||
Dates: |
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Volume: | 55 | ||||||||
Number: | 6 | ||||||||
Page Range: | pp. 1025-1040 | ||||||||
DOI: | 10.1002/hrm.21718 | ||||||||
Status: | Peer Reviewed | ||||||||
Publication Status: | Published | ||||||||
Access rights to Published version: | Restricted or Subscription Access |
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