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Impact of Strategy, Human Resource Management, Budgeting and Participation on Return on Assets

Impact of Strategy, Human Resource Management, Budgeting and Participation on Return on Assets This study looked at the impact on returnonassets ROA of aligning budgeting and human resource management HRM practices with strategy. A Lisrel model was tested on 79 large Canadian and U.S. firms. Although HR policy alignment was positively associated with ROA, budgetary alignment was only positively associated with ROA in conjunction with process participation. That is, organisations performed best when the budgets were aligned with the mission of the organisation and numerous levels of the organisation had the opportunity to participate in strategy formation. Furthermore, aligned budgets did not ameliorate the negative affects of implementing a nonparticipatory process of strategy formation. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Human Resource Costing & Accounting Emerald Publishing

Impact of Strategy, Human Resource Management, Budgeting and Participation on Return on Assets

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1401-338X
DOI
10.1108/eb029068
Publisher site
See Article on Publisher Site

Abstract

This study looked at the impact on returnonassets ROA of aligning budgeting and human resource management HRM practices with strategy. A Lisrel model was tested on 79 large Canadian and U.S. firms. Although HR policy alignment was positively associated with ROA, budgetary alignment was only positively associated with ROA in conjunction with process participation. That is, organisations performed best when the budgets were aligned with the mission of the organisation and numerous levels of the organisation had the opportunity to participate in strategy formation. Furthermore, aligned budgets did not ameliorate the negative affects of implementing a nonparticipatory process of strategy formation.

Journal

Journal of Human Resource Costing & AccountingEmerald Publishing

Published: Feb 1, 2000

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