Felipe Hernández Perlines () (Universidad de Castilla-La Mancha) Isidro Peña García-Pardo () (Universidad de Castilla-La Mancha)
Abstract
The main aim of this paper is to analyse the impact of human resource practices on business results. This study will follow the universalist and contingency approaches propounded in the literature (Delery and Doty, 1996; McMahan, Virick and Wright, 1999) in order to confirm their validity in the specific context of Spain and for financial institutes within the Social Economy sector: Credit Cooperatives and Savings Banks. As for the contingency approach, we will introduce a new variable into the strategic process to moderate the human resource system - results equation: the integration of Human Resource Management. The efficacy of the personnel policies that are applied is conditioned by the consideration of human resources in the strategic formulation process. Prior to this analysis, we evaluate the direct effect of the aforementioned integration on the results along the lines of works such as those of Golden and Ramanujan (1985), Lengnick-Hall and Lengnick-Hall (1988) or Brockbank (1999).
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Find related papers by JEL classification: J53 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Labor-Management Relations; Industrial Jurisprudence M50 - Business Administration and Business Economics; Marketing; Accounting - - Personnel Economics - - - General M51 - Business Administration and Business Economics; Marketing; Accounting - - Personnel Economics - - - Firm Employment Decisions; Promotions M52 - Business Administration and Business Economics; Marketing; Accounting - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects M53 - Business Administration and Business Economics; Marketing; Accounting - - Personnel Economics - - - Training