IDEAS home Printed from https://ideas.repec.org/a/eee/jomega/v30y2002i4p249-264.html
   My bibliography  Save this article

Education, training and development policies and practices in medium-sized companies in the UK: do they really influence firm performance?

Author

Listed:
  • Storey, D. J.

Abstract

This paper sets out to examine the relationship between training and firm performance in middle-sized UK companies. It recognises that there is evidence that "high performance work practices" appear to be associated with better performance in large US companies, but argues that this relationship is less likely to be present in middle-sized companies. The paper's key contribution is to justify the wider concept of education, training and development (ETD) as applicable to such companies. It then finds that clusters of some ETD variables do appear to be associated with better middle-sized company performance.

Suggested Citation

  • Storey, D. J., 2002. "Education, training and development policies and practices in medium-sized companies in the UK: do they really influence firm performance?," Omega, Elsevier, vol. 30(4), pages 249-264, August.
    • Handle: RePEc:eee:jomega:v:30:y:2002:i:4:p:249-264
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0305-0483(02)00035-X
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Booth, Alison L, 1991. "Job-Related Formal Training: Who Receives It and What Is It Worth?," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 53(3), pages 281-294, August.
    2. Daron Acemoglu & Jörn-Steffen Pischke, 1998. "Why Do Firms Train? Theory and Evidence," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 113(1), pages 79-119.
    3. Kevin Keasey & Robert Watson, 1991. "An Agency Perspective of Auditor Change in Small Firms," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 1(1), pages 45-59, Spring.
    4. Lisa M. Lynch & Sandra E. Black, 1998. "Beyond the Incidence of Employer-Provided Training," ILR Review, Cornell University, ILR School, vol. 52(1), pages 64-81, October.
    5. John Paul Macduffie, 1995. "Human Resource Bundles and Manufacturing Performance: Organizational Logic and Flexible Production Systems in the World Auto Industry," ILR Review, Cornell University, ILR School, vol. 48(2), pages 197-221, January.
    6. Fey, Carl & Björkman, Ingmar, 2000. "The Effect of Human Resource Management Practices on MNC Subsidiary Performance in Russia," SSE/EFI Working Paper Series in Business Administration 2000:6, Stockholm School of Economics.
    7. Ichniowski, Casey & Shaw, Kathryn & Prennushi, Giovanna, 1997. "The Effects of Human Resource Management Practices on Productivity: A Study of Steel Finishing Lines," American Economic Review, American Economic Association, vol. 87(3), pages 291-313, June.
    8. Dan A. Black & Brett J. Noel & Zheng Wang, 1999. "On-the-Job Training, Establishment Size, and Firm Size: Evidence for Economies of Scale in the Production of Human Capital," Southern Economic Journal, John Wiley & Sons, vol. 66(1), pages 82-100, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mahdi Salehi & Grzegorz Zimon, 2021. "The Effect of Intellectual Capital and Board Characteristics on Value Creation and Growth," Sustainability, MDPI, vol. 13(13), pages 1-16, July.
    2. Georgiadis, Andreas & Pitelis, Christos N., 2010. "The interrelationship between HR, strategy and profitability in service SMEs: empirical evidence from the UK tourism hospitality and leisure sector," LSE Research Online Documents on Economics 28722, London School of Economics and Political Science, LSE Library.
    3. Norita Mohd Noor & Amran Rasli & Mas Anom Abdul Rashid & Muhammad Faraz Mubarak & Imelda Hermilinda Abas, 2022. "Ranking of Corporate Governance Dimensions: A Delphi Study," Administrative Sciences, MDPI, vol. 12(4), pages 1-17, November.
    4. Frits H. Wijbenga & Theo J.B.M. Postma & Rebecca Stratling, 2007. "The Influence of the Venture Capitalist's Governance Activities on the Entrepreneurial Firm's Control Systems and Performance," Entrepreneurship Theory and Practice, , vol. 31(2), pages 257-277, March.
    5. Diez-Vial, Isabel, 2011. "Geographical cluster and performance: The case of Iberian ham," Food Policy, Elsevier, vol. 36(4), pages 517-525, August.
    6. Martin HORAK & Jana MATOSKOVA, 2018. "Comparison Of Training Programmes And Activities For Cluster Managers In Europe With Respect To Their Focus On Skills Development," International Journal of Entrepreneurial Knowledge, Center for International Scientific Research of VSO and VSPP, vol. 6(1), pages 16-29, June.
    7. Vathsala Wickramasinghe & Anuradha Premachandra, 2021. "Organizational career growth: the mediating role of career management practices," SN Business & Economics, Springer, vol. 1(6), pages 1-29, June.
    8. Lutz Preuss & Jack Perschke, 2010. "Slipstreaming the Larger Boats: Social Responsibility in Medium-Sized Businesses," Journal of Business Ethics, Springer, vol. 92(4), pages 531-551, April.
    9. Mickey Folkeringa & Andre van Stel & Joris Meijaard, 2005. "Innovation, strategic renewal and its effect on small firm performance," Papers on Entrepreneurship, Growth and Public Policy 2005-36, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
    10. Lai, Yanqing & Saridakis, George & Blackburn, Robert & Johnstone, Stewart, 2016. "Are the HR responses of small firms different from large firms in times of recession?," Journal of Business Venturing, Elsevier, vol. 31(1), pages 113-131.
    11. Tuan Nguyen & An Nguyen & Stuart Locke & Krishna Reddy, 2017. "Does the human capital of board directors add value to firms? Evidence from an Asian market," Cogent Economics & Finance, Taylor & Francis Journals, vol. 5(1), pages 1385439-138, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Christos Bilanakos & John S. Heywood & John G. Sessions & Nikolaos Theodoropoulos, 2018. "Does Delegation Increase Worker Training?," Economic Inquiry, Western Economic Association International, vol. 56(2), pages 1089-1115, April.
    2. Bilanakos, Christos & Heywood, John S. & Sessions, John & Theodoropoulos, Nikolaos, 2018. "Does demand for product quality increase worker training?," Journal of Economic Behavior & Organization, Elsevier, vol. 155(C), pages 159-177.
    3. Yanick Labrie & Claude Montmarquette, 2005. "La formation qualifiante et transférable en milieu de travail," CIRANO Project Reports 2005rp-04, CIRANO.
    4. Peter F. Orazem & Marvin L. Bouillon & Benjamin M. Doran, 2004. "Long‐Term Attachments and Long‐Run Firm Rates of Return," Southern Economic Journal, John Wiley & Sons, vol. 71(2), pages 314-333, October.
    5. Jorge Calero & Josep-Oriol Escardíbul, 2014. "Barriers to non-formal professional training in Spain in periods of economic growth and crisis. An analysis with special attention to the effect of the previous human capital of workers," Working Papers 2014/12, Institut d'Economia de Barcelona (IEB).
    6. C. Waddoups, 2011. "Firm Size and Work-Related Training: New Evidence on Incidence, Intensity, and Training Type from Australia," Journal of Labor Research, Springer, vol. 32(4), pages 390-413, December.
    7. Mason, Geoff & O'Leary, Brigid & Vecchi, Michela, 2012. "Certified and uncertified skills and productivity growth performance: Cross-country evidence at industry level," Labour Economics, Elsevier, vol. 19(3), pages 351-360.
    8. Bilanakosa, Christos & Heywood, John S. & Sessions, John & Theodoropoulos, Nikolaos, 2017. "Worker Training and Quality Competition," GLO Discussion Paper Series 137, Global Labor Organization (GLO).
    9. Annemarie Nelen & Andries De Grip, 2009. "Why Do Part‐time Workers Invest Less in Human Capital than Full‐timers?," LABOUR, CEIS, vol. 23(s1), pages 61-83, March.
    10. Christos Bilanakos & John S. Heywood & John Sessions & Nikolaos Theodoropoulos, 2016. "Delegation and worker training," University of Cyprus Working Papers in Economics 06-2016, University of Cyprus Department of Economics.
    11. Jorge Calero & Josep-Oriol Escardíbul, 2014. "Barriers to non-formal professional training in Spain in periods of economic growth and crisis. An analysis with special attention to the effect of the previous human capital of workers," Working Papers 2014/12, Institut d'Economia de Barcelona (IEB).
    12. Andrew Weaver, 2021. "Hiring Frictions in a Regulated Occupation: Evidence from US Laboratories," British Journal of Industrial Relations, London School of Economics, vol. 59(3), pages 899-927, September.
    13. Sharon Novak & Scott Stern, 2009. "Complementarity Among Vertical Integration Decisions: Evidence from Automobile Product Development," Management Science, INFORMS, vol. 55(2), pages 311-332, February.
    14. Marco Caliendo & Deborah A. Cobb-Clark & Cosima Obst & Helke Seitz & Arne Uhlendorff, 2022. "Locus of Control and Investment in Training," Journal of Human Resources, University of Wisconsin Press, vol. 57(4), pages 1311-1349.
    15. Edward P. Lazear, 1995. "Personnel Economics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262121883, December.
    16. John S Heywood & Uwe Jirjahn & Annika Pfister, 2020. "Product market competition and employer provided training in Germany," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 29(2), pages 533-556.
    17. Pfeifer, Christian & Janssen, Simon & Yang, Philip & Backes-Gellner, Uschi, 2010. "Training Participation of an Aging Workforce in an Internal Labor Market," Hannover Economic Papers (HEP) dp-447, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    18. Fibla Gasparín, Ma. Teresa, 2010. "Productivity in southern European small firms: When and how work organization complements process innovation," Working Papers 2072/179600, Universitat Rovira i Virgili, Department of Economics.
    19. Derek C. Jones & Takao Kato, 2011. "The Impact of Teams on Output, Quality, and Downtime: An Empirical Analysis Using Individual Panel Data," ILR Review, Cornell University, ILR School, vol. 64(2), pages 215-240, January.
    20. Oluyemisi Kuku & Peter F. Orazem & Sawkut Rojid & Milan Vodopivec, 2016. "Training funds and the incidence of training: the case of Mauritius," Education Economics, Taylor & Francis Journals, vol. 24(3), pages 280-299, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jomega:v:30:y:2002:i:4:p:249-264. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/375/description#description .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.