LAUSR.org creates dashboard-style pages of related content for over 1.5 million academic articles. Sign Up to like articles & get recommendations!

HRM practices and effectiveness: a comparison of US Hispanic and non-Hispanic family firms

Photo by gcalebjones from unsplash

Purpose Effective use of human resources is important for the profitability and governance of family firms. In a study of the human resource management (HRM) practices of US Hispanic family… Click to show full abstract

Purpose Effective use of human resources is important for the profitability and governance of family firms. In a study of the human resource management (HRM) practices of US Hispanic family firms, the purpose of this paper is to discuss the implications of agency and stewardship governance. Design/methodology/approach To better understand HRM practices in US Hispanic family firms, the authors present findings from 169 US firms to hypothesize the extent of HRM development in Hispanic family firms (n=70) vs non-Hispanic family firms (n=99). Findings Results indicated that HRM practices in Hispanic family firms are less structured than those of non-Hispanic family firms; however, when Hispanic family firms effectively use HRM practices, they will have greater financial success. Originality/value Therefore, the results suggest that Hispanic family firm leaders display relatively low agency governance and high stewardship governance.

Keywords: hispanic family; family; family firms; non hispanic; hrm practices; governance

Journal Title: Journal of Small Business and Enterprise Development
Year Published: 2019

Link to full text (if available)


Share on Social Media:                               Sign Up to like & get
recommendations!

Related content

More Information              News              Social Media              Video              Recommended



                Click one of the above tabs to view related content.