Ma. Huselid et al., TECHNICAL AND STRATEGIC HUMAN-RESOURCE MANAGEMENT EFFECTIVENESS AS DETERMINANTS OF FIRM PERFORMANCE, Academy of Management journal, 40(1), 1997, pp. 171-188
We evaluated the impact of human resource (HR) managers' capabilities
on HR management effectiveness and the latter's impact on corporate fi
nancial performance. For 293 U.S. firms, effectiveness was associated
with capabilities and attributes of HR staff. We also found relationsh
ips between HR management effectiveness and productivity, cash flow, a
nd market value. Findings were consistent across market and accounting
measures of performance and with corrections for biases.