## Abstract How can human resource management (HRM) practices promote entrepreneurial performance in small and medium‐sized enterprises (SMEs)? This article discusses the association between human capital management (HCM) and other contemporary HRM practices and the ability of SMEs to be entreprene
External management succession, human capital, and firm performance: an integrative analysis
✍ Scribed by Elizabeth E. Bailey; Constance E. Helfat
- Publisher
- John Wiley and Sons
- Year
- 2003
- Tongue
- English
- Weight
- 215 KB
- Volume
- 24
- Category
- Article
- ISSN
- 0143-6570
- DOI
- 10.1002/mde.1119
No coin nor oath required. For personal study only.
✦ Synopsis
Abstract
Economic analysis of human capital leads to a somewhat different question than that addressed by other management research on external succession: do differences between external successors in the transferability of their human capital affect firm performance, and if so, how? By comparing external successors that have within‐industry and related‐industry skills, we find that successors with less transferable (related‐industry) skills have greater variance of firm performance. Our analysis provides an example of the benefits of integrating economic concepts with empirical research in competitive strategy, on a topic of central concern in the traditional strategic management literature, namely, top executives. Copyright © 2003 John Wiley & Sons, Ltd.
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