Human Resource Development and Productivity of Japanese Firms: An empirical analysis using unique surveys on human resource management
AbstractWe examined the relationship between human resource development and firm performance using two sets of data, one obtained from a questionnaire survey mailed to firms' personnel departments and another—human resource management scores based on interviews with Japanese firms—used in Miyagawa et, al (2010). We found a positive relationship between the number of training days per worker and the human resource management scores, in which higher scores reflect more performance-oriented compensation/promotion systems and greater emphasis on human resource development efforts. When we estimate a production function using man-hour data obtained from the mailed survey, we found a positive relationship between human resource management scores and firm growth. We also found a strong correlation between human resource management scores concerning off-the-job training and firm performance.
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Bibliographic InfoPaper provided by Research Institute of Economy, Trade and Industry (RIETI) in its series Discussion Papers (Japanese) with number 11035.
Length: 39 pages
Date of creation: Mar 2011
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-06-04 (All new papers)
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