PREDICTING THE PERFORMANCE OF INITIAL PUBLIC OFFERINGS: SHOULD HUMAN RESOURCE MANAGEMENT BE IN THE EQUATION?
研究了人力资源管理如何影响首次公开募股公司的表现，发现人力资源价值和基于组织的奖励能预测投资者反应和长期生存，但奖励对初期表现有负面影响。
Population ecology is used to explain the role of human resource management (HRM) in enhancing the performance of initial public offering (IPO) companies. We examined the determinants of structural inertia and developed hypotheses on the relationship between HRM and organizational performance. The results indicate that two human resource variables, human resource value and organization-based rewards, predict initial investor reaction and long-term survival. The rewards variable negatively affects initial performance but positively affects survival.