Impact of Innovation-Oriented Human Resource on Small and Medium Enterprises’ Performance

Aslam, Mahvish and Shafi, Imran and Ahmed, Jamil and Garat de Marin, Mirtha Silvana and Soriano Flores, Emmanuel and Rojo Gutiérrez, Marco Antonio and Ashraf, Imran UNSPECIFIED, UNSPECIFIED, UNSPECIFIED, silvana.marin@uneatlantico.es, emmanuel.soriano@uneatlantico.es, marco.rojo@unini.edu.mx, UNSPECIFIED (2023) Impact of Innovation-Oriented Human Resource on Small and Medium Enterprises’ Performance. Sustainability, 15 (7). p. 6273. ISSN 2071-1050

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Abstract

This research paper aims to examine the impact of innovative HRM practices, including employee participation, performance appraisal, reward and compensation, recruitment and selection, and redeployment–retraining on firm performance. For this purpose, four different models are utilized to examine the impact of innovative HRM department practices on the performance of small and medium enterprises (SMEs) in a country. The dependent variable, firm performance, is proxified by different variables such as labor productivity, product innovation, process innovation, and marketing innovation. For empirical analysis, primary data are collected using a questionnaire. Estimation is conducted using ordinary least squares (OLS) and logit regression techniques. The estimated results indicate that most innovative HRM practices have a statistically significant impact on firm performance in terms of labor productivity, product, process, and marketing innovations. These results imply that SMEs in a country may observe the benefits of devoting greater attention to innovative HRM practices to achieve their future growth potential.

Item Type: Article
Uncontrolled Keywords: human resource management; human factors; small and medium enterprises; innovation
Subjects: Subjects > Engineering
Divisions: Universidad Internacional do Cuanza > Research > Scientific Production
Europe University of Atlantic > Research > Scientific Production
Fundación Universitaria Internacional de Colombia > Research > Scientific Production
Ibero-american International University > Research > Scientific Production
Ibero-american International University > Research > Scientific Production
Depositing User: Sr Bibliotecario
Date Deposited: 17 Apr 2023 09:39
Last Modified: 24 Jan 2024 16:29
URI: http://repositorio.funiber.org/id/eprint/6773

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