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An integrative approach to HRM–firm performance relationship: a missing link to corporate governance

Lookup NU author(s): Dr Stewart Johnstone

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Abstract

© 2018, Emerald Publishing Limited. Purpose: The purpose of this paper is to contribute to ongoing debates regarding the human resource management (HRM)-firm performance relationship. In seeking to provide a more complete picture of the relationship, the paper discusses the existing literature and proposes an integrative framework that draws upon different literatures and multiple theoretical perspectives. Design/methodology/approach: This review includes nearly 100 research studies published in this field. The review includes papers published in mainstream HRM journals and broader management journals with strong ties to HRM literature. Importantly, the paper also identifies a gap – a missing link – that concerns the importance of incorporating insights from corporate governance (CG) literature when considering strategic HR decision-making. Findings: A significant contribution of this paper to theory is to propose an integrative framework that conceptualises the elusive relationship between HRM and firm performance, and which draws on different literatures and multiple theoretical perspectives in to offer more holistic insights into the relationship. The paper discusses the implications of the integrative perspective for theory and practice. Originality value: This paper argues that one of the main stumbling blocks for developing a better understanding of the mechanisms through which HRM creates value in an organisation is the fragmentation of the HRM literature between “HR as practices” and “HR as the department/profession”, as well as a tendency to neglect insights from the CG literature.

Publication metadata

Author(s): Petrovic J, Saridakis G, Johnstone S

Publication type: Article

Publication status: Published

Journal: Corporate Governance: The International Journal of Business in Society

Year: 2018

Volume: 18

Issue: 2

Pages: 331-352

Print publication date: 04/03/2018

Online publication date: 05/02/2018

Acceptance date: 03/12/2017

Date deposited: 04/04/2018

ISSN (print): 1472-0701

Publisher: Emerald Group Publishing Ltd

URL: https://doi.org/10.1108/CG-07-2017-0133

DOI: 10.1108/CG-07-2017-0133

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