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Strategic And Administrative Human Resource Management (Hrm): A Study Of Hrm Reporting In Entrepreneurial Firms, Theresa M. Welbourne
Strategic And Administrative Human Resource Management (Hrm): A Study Of Hrm Reporting In Entrepreneurial Firms, Theresa M. Welbourne
Theresa M. Welbourne, PhD
This paper reports the results of an exploratory study examining firm characteristics associated with choosing an administrative or strategic approach to HRM. Strategic HRM is defined as having a senior HRM executive who reports to the CEO, while administrative HRM is defined as having the HRM function report to a Vice President of Administration. Data are gathered from a cohort of firms that went public in 1993. The results show that different sets of characteristics are associated with each HRM reporting form, and analysis of stock price growth after the IPO demonstrates that the strategic HRM companies enjoy increasing stock …
Agency Theory Implications For Strategic Human Resource Management: Effects Of Ceo Ownership, Administrative Hrm, And Incentive Alignment On Firm Performance, Theresa M. Welbourne, Linda A. Cyr
Agency Theory Implications For Strategic Human Resource Management: Effects Of Ceo Ownership, Administrative Hrm, And Incentive Alignment On Firm Performance, Theresa M. Welbourne, Linda A. Cyr
Theresa M. Welbourne, PhD
Agency theory is used to expand the research in strategic human resource management (SHRM) by viewing the construct underlying SHRM as control over all employees. We develop hypotheses on the effects of CEO ownership, administrative HRM, and incentive stock ownership on firm performance. The results indicate that administrative HRM has a negative effect on stock price. Incentive alignment via stock ownership has a positive effect on stock price and productivity. CEO ownership has a positive effect on sales but a negative impact on productivity. Implications for theory and practice are discussed.