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The impact of Investors in People on small business growth: who benefits?

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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

Abstract

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
Publisher: PION LTD
ISSN: 0263-774X
Date: December 2003
Volume: 21
Number: 6
Number of Pages: 20
Page Range: pp. 793-812
Identification Number: 10.1068/c0304
Publication Status: Published
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
URI: http://wrap.warwick.ac.uk/id/eprint/8905

Data sourced from Thomson Reuters' Web of Knowledge

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