The impact of Investors in People on small business growth: who benefits?
UNSPECIFIED (2003) The impact of Investors in People on small business growth: who benefits? In: 25th ISBA National Small Firms Policy and Research Conference, BRIGHTON BUSINESS SCH, BRIGHTON, ENGLAND, NOV 13-15, 2002. Published in: ENVIRONMENT AND PLANNING C-GOVERNMENT AND POLICY, 21 (6). pp. 793-812.Full text not available from this repository.
Official URL: http://dx.doi.org/10.1068/c0304
Investors in People (IiP) plays a central role in the UK government's policies for workforce development. Small firms have been a particular focus of government support with IiP along with claims that the scheme will enhance the performance of these firms. However, it is argued in this paper that such benefits are unlikely to accrue to all types of small firm. In particular, only those businesses with a comparative advantage from investing in formalised human resource programmes are likely to experience enhanced performances. An econometric model is developed and applied to examine this issue empirically. The model incorporates the multistage decisionmaking processes that are entailed for firms involved with IiP. In this manner we are able to control for selection bias in the performance (employment growth) estimates. The empirical results support the contention of comparative advantage. Businesses that choose IiP achieve enhanced growth as a result of their investments. In contrast, the impact for an 'average' small firm is neutral.
|Item Type:||Conference Item (UNSPECIFIED)|
|Subjects:||G Geography. Anthropology. Recreation > GE Environmental Sciences
J Political Science > JF Political institutions (General)
|Journal or Publication Title:||ENVIRONMENT AND PLANNING C-GOVERNMENT AND POLICY|
|Official Date:||December 2003|
|Number of Pages:||20|
|Page Range:||pp. 793-812|
|Title of Event:||25th ISBA National Small Firms Policy and Research Conference|
|Location of Event:||BRIGHTON BUSINESS SCH, BRIGHTON, ENGLAND|
|Date(s) of Event:||NOV 13-15, 2002|
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