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Are the HR responses of small firms different from large firms in times of recession?

Lookup NU author(s): Dr Stewart Johnstone

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Abstract

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.

Publication metadata

Author(s): Lai Y, Saridakis G, Blackburn R, Johnstone S

Publication type: Article

Publication status: Published

Journal: Journal of Business Venturing

Year: 2016

Volume: 31

Issue: 1

Pages: 113-131

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

Publisher: Elsevier

URL: https://dx.doi.org/10.1016/j.jbusvent.2015.04.005

DOI: 10.1016/j.jbusvent.2015.04.005

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