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The “Suite†Smell of Success

Author

Listed:
  • Richard Fabling
  • Arthur Grimes

    (Richard Fabling is a Senior Fellow at Motu Economic and Public Policy Research. Arthur Grimes is a Senior Fellow at Motu Economic and Public Policy Research and an Adjunct Professor of Economics at the University of Auckland.)

Abstract

The authors use a panel of more than 1,500 New Zealand firms, from a diverse range of industries, to examine how the adoption of human resource management (HRM) practices affects firm performance. The panel is based on managerial responses to mandatory surveys of management practices in 2001 and 2005 administered by the national statistical office, linked to objective longitudinal firm performance data. The authors find that, after controlling for time-invariant firm characteristics and changes in a wide range of business practices and firm developments, a suite of general HRM practices has a positive impact on firm labor and multifactor productivity. Conversely, these practices tend to have no effect on profitability, in part because the adoption of performance pay systems raises average wages in the firm.

Suggested Citation

  • Richard Fabling & Arthur Grimes, 2014. "The “Suite†Smell of Success," ILR Review, Cornell University, ILR School, vol. 67(4), pages 1095-1126, October.
    • Handle: RePEc:sae:ilrrev:v:67:y:2014:i:4:p:1095-1126
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    File URL: http://ilr.sagepub.com/content/67/4/1095.abstract
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    Citations

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    Cited by:

    1. Fabling, Richard & Grimes, Arthur, 2021. "Picking up speed: Does ultrafast broadband increase firm productivity?," Information Economics and Policy, Elsevier, vol. 57(C).
    2. David C. Maré & Dean R. Hyslop & Richard Fabling, 2017. "Firm productivity growth and skill," New Zealand Economic Papers, Taylor & Francis Journals, vol. 51(3), pages 302-326, September.
    3. Richard Fabling, 2021. "Living on the edge: An anatomy of New Zealand’s most productive firms," Working Papers 21_01, Motu Economic and Public Policy Research.

    More about this item

    Keywords

    personnel economics; firm performance;

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