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The Financial Impact Of High-Performance Work Practices: The Moderating Effects Of Labor Market Flexibility And Labor Market Efficiency, Clyde Eiríkur Hull, Sandra Rothenberg, Sebastian Vogt
The Financial Impact Of High-Performance Work Practices: The Moderating Effects Of Labor Market Flexibility And Labor Market Efficiency, Clyde Eiríkur Hull, Sandra Rothenberg, Sebastian Vogt
Articles
High-performance work practices (HPWP) have been found to increase financial performance. Institutional theory suggests that this effect may be moderated by labor market institutions, such as labor market flexibility and labor market efficiency. We explore this relationship using a combined data set comprised of data on HPWP from ASSET4, financial and other company-level data from the Worldscope Database, and national institutional context data from the World Economic Forum's Global Competitiveness Report. With an international sample of roughly 20,000 archival firmyear observations across a seven-year period, we use pooled OLS regression models with robust standard errors, clustered at the £inn level. …