Lookup NU author(s): Dr Stewart Johnstone
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY-NC-ND).
This paper uses British large scale survey data to examine the extent to which the recent financial crisis has affected firms' operational activity, and whether or not the existence of human resource (HR) practices have influenced firms' response to recession and workers' job experience. Our findings suggest that SMEs are more vulnerable during times of economic hardship than larger firms, but those with HR practices have shown more resilience to the downturn. Also, we find that having HR practices increases the likelihood of the firm to adopt organisational measures although the response to recession differs significantly between smaller and larger firms. Finally the results indicate differences in workers' job experience during the recession which is moderated by high and low levels of management formality.
Author(s): Lai Y, Saridakis G, Blackburn R, Johnstone S
Publication type: Article
Publication status: Published
Journal: Journal of Business Venturing
Print publication date: 01/01/2016
Online publication date: 25/06/2015
Acceptance date: 29/04/2015
Date deposited: 07/04/2016
ISSN (print): 0883-9026
ISSN (electronic): 1873-2003
Altmetrics provided by Altmetric