Hrm signals for the capital market

• Autores: Achim Krausert
• Localización: Human Resource Management, ISSN-e 1099-050X, Vol. 55, Nº. 6, 2016, págs. 1025-1040
• Idioma: inglés
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• Resumen

  • This conceptual study contributes to an emerging literature at the intersection of strategic HRM and finance, which is concerned with the undervaluation of future-oriented HRM practices in the capital market and consequent disincentives for managers to invest in such HRM practices. More specifically, the study contributes to a search for signals of HRM investments that the capital market either attends to or should attend to. It focuses on potential signals of high-performance work systems ( HPWSs), constituting an HRM investment that has been at the center of research in strategic HRM. Based on signaling theory, a model is proposed of relationships among three signal characteristics (signal fit, signal erosion, and signal diffusion) and sustainable signal correlation. The model provides a basis for the exploration of alternative strategies for the establishment of an HRM signal tailored specifically to the needs of the capital market. © 2015 Wiley Periodicals, Inc. [ABSTRACT FROM AUTHOR]