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

Version 2 2024-06-13, 09:31
Version 1 2015-12-01, 11:20
journal contribution
posted on 2024-06-13, 09:31 authored by CW Tsao, A Newman, SJ Chen, MJ Wang
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.

History

Journal

International journal of human resource management

Volume

27

Pagination

954-973

Location

London, Eng.

ISSN

0958-5192

eISSN

1466-4399

Language

eng

Publication classification

C Journal article, C1.1 Refereed article in a scholarly journal

Copyright notice

2015, Taylor & Francis

Issue

9

Publisher

Taylor & Francis