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HRM retrenchment practices and firm performance in times of economic downturn: exploring the moderating effects of family involvement in management

Tsao, Chiung-Wen, Newman, Alexander, Chen, Shyh-Jer and Wang, Miao-Ju 2016, HRM retrenchment practices and firm performance in times of economic downturn: exploring the moderating effects of family involvement in management, International journal of human resource management, vol. 27, no. 9, pp. 954-973, doi: 10.1080/09585192.2015.1072098.

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Title HRM retrenchment practices and firm performance in times of economic downturn: exploring the moderating effects of family involvement in management
Author(s) Tsao, Chiung-Wen
Newman, Alexander
Chen, Shyh-Jer
Wang, Miao-Ju
Journal name International journal of human resource management
Volume number 27
Issue number 9
Start page 954
End page 973
Total pages 20
Publisher Taylor & Francis
Place of publication London, Eng.
Publication date 2016
ISSN 0958-5192
1466-4399
Keyword(s) economic downturn
family involvement
firm performance
HRM retrenchment practices
Taiwanese publicly listed firms
Summary A substantial number of studies have indicated a significant negative relationship between human resource management (HRM) retrenchment practices such as downsizing, and firm performance. However, a consideration of the potential effects of business family involvement in management is largely absent from the general employment restructuring literature. Using a sample of 218 Taiwanese publicly listed firms, this study seeks to further our understanding in this area by examining the moderating effects of family involvement in management on the relationship between the adoption of HRM retrenchment practices and firm performance during the period of global economic downturn that erupted in the middle of 2008. Data analysis reveals that HRM retrenchment practices had a negative influence on firm performance, and that the relationship between HRM retrenchment practices and firm performance was negatively and significantly moderated by family involvement in management.
Language eng
DOI 10.1080/09585192.2015.1072098
Field of Research 150305 Human Resources Management
1503 Business And Management
1505 Marketing
Socio Economic Objective 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
HERDC Research category C1.1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2015, Taylor & Francis
Persistent URL http://hdl.handle.net/10536/DRO/DU:30079955

Document type: Journal Article
Collection: Department of Management
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