Abstract
The financial performance of companies pursuing the "contrarian" human resource (HR) practice of countercyclical hiring (CCH) was examined in this research. A strong positive relationship was found between a lagged market measure of financial performance and executives' perceptions of the extent to which their companies pursued CCH practices. We also examined the financial impact of rationales motivating companies to engage in CCH or that influenced its practice. Two such rationales or influences had strong positive impacts on financial performance. These were facilitation of affirmative action and HR planning for avoidance of personnel shortages.
| Original language | English |
|---|---|
| Pages (from-to) | 249-261 |
| Number of pages | 13 |
| Journal | Journal of Business Research |
| Volume | 52 |
| Issue number | 3 |
| DOIs | |
| State | Published - Jun 2001 |
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All Science Journal Classification (ASJC) codes
- Marketing
- Applied Psychology
Cite this
Contrarian human resource investments and financial performance after economic downturns. / Greer, Charles R.; Ireland, Timothy C.; Wingender, John R.
In: Journal of Business Research, Vol. 52, No. 3, 06.2001, p. 249-261.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Contrarian human resource investments and financial performance after economic downturns
AU - Greer, Charles R.
AU - Ireland, Timothy C.
AU - Wingender, John R.
PY - 2001/6
Y1 - 2001/6
N2 - The financial performance of companies pursuing the "contrarian" human resource (HR) practice of countercyclical hiring (CCH) was examined in this research. A strong positive relationship was found between a lagged market measure of financial performance and executives' perceptions of the extent to which their companies pursued CCH practices. We also examined the financial impact of rationales motivating companies to engage in CCH or that influenced its practice. Two such rationales or influences had strong positive impacts on financial performance. These were facilitation of affirmative action and HR planning for avoidance of personnel shortages.
AB - The financial performance of companies pursuing the "contrarian" human resource (HR) practice of countercyclical hiring (CCH) was examined in this research. A strong positive relationship was found between a lagged market measure of financial performance and executives' perceptions of the extent to which their companies pursued CCH practices. We also examined the financial impact of rationales motivating companies to engage in CCH or that influenced its practice. Two such rationales or influences had strong positive impacts on financial performance. These were facilitation of affirmative action and HR planning for avoidance of personnel shortages.
UR - http://www.scopus.com/inward/record.url?scp=0041370196&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=0041370196&partnerID=8YFLogxK
U2 - 10.1016/S0148-2963(99)00108-3
DO - 10.1016/S0148-2963(99)00108-3
M3 - Article
VL - 52
SP - 249
EP - 261
JO - Journal of Business Research
JF - Journal of Business Research
SN - 0148-2963
IS - 3
ER -