High-involvement work practices and analysts forecasts of corporate earnings

被引：34
作者：
Benson, George S.
Young, Susan M.
Lawler, Edward E., III
机构：
[1] Univ Texas, Dept Management, Arlington, TX 76019 USA
[2] CUNY Bernard M Baruch Coll, New York, NY 10010 USA
[3] Univ So Calif, Ctr Effect Org, Marshall Sch Business, Los Angeles, CA 90089 USA
来源：
HUMAN RESOURCE MANAGEMENT | 2006年 / 45卷 / 04期
关键词：
D O I：
10.1002/hrm.20130
中图分类号：
B849 [应用心理学];
学科分类号：
040203 ;
摘要：
Research has shown that high-involvement work practices are positively related to corporate financial performance. However, it is unknown if investors are able to use information on high-involvement practices to predict the performance of specific companies. In this study, we examine earnings forecasts for a sample of Fortune 1000 firms and find professional stock analysts consistently underestimated the earnings of firms that made greater use of high-involvement practices during the 1990s. Based on data collected from newspaper articles and annual reports, we argue that these lower estimates resulted from a lack of information on innovative HR practices. Recommendations to managers for disseminating information on and leveraging high-involvement HR practices are discussed. (c) 2006 Wiley Periodicals, Inc.
引用
收藏
页码：519 / 537
页数：19
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