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Work values of surviving and non‐surviving managers during economic recession

Work values of surviving and non‐surviving managers during economic recession Purpose – The purpose of this research is to compare work values of surviving and non‐surviving managers during a period of general economic recession in Hong Kong associated with the Asian financial crisis. Design/methodology/approach – Involving a natural field experiment, data on work values were collected from ethnic Chinese Hong Kong managers employed by local companies. The two sub‐samples were established over the period of study, from 1995 to 1998, but all variables concerning these two groups were measured in 1995, well before the Asian financial crisis struck in 1997. Findings – Results indicate that survivors attached more importance to independence in work and to have influence in the organisation than the non‐survivors. On the other hand, non‐surviving managers attached more importance to responsibility and to have an opportunity to meet people and interact with them than survivors. Research limitations/implications – In future studies, the longitudinal investigation can be improved, non‐Asian locations could be included, and more work values as well as other personal characteristics can be added. Practical implications – The findings may have consequences for the strategic retention of managerial staff. Originality/value – As opposed to the traditional perspective, that firms in dire straits may lose their best and brightest first, the findings suggest that in a general economic recession, it could be possible to retain managers capable to ride out the crisis. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Career Development International Emerald Publishing

Work values of surviving and non‐surviving managers during economic recession

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References (61)

Publisher
Emerald Publishing
Copyright
Copyright © 2007 Emerald Group Publishing Limited. All rights reserved.
ISSN
1362-0436
DOI
10.1108/13620430710773754
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this research is to compare work values of surviving and non‐surviving managers during a period of general economic recession in Hong Kong associated with the Asian financial crisis. Design/methodology/approach – Involving a natural field experiment, data on work values were collected from ethnic Chinese Hong Kong managers employed by local companies. The two sub‐samples were established over the period of study, from 1995 to 1998, but all variables concerning these two groups were measured in 1995, well before the Asian financial crisis struck in 1997. Findings – Results indicate that survivors attached more importance to independence in work and to have influence in the organisation than the non‐survivors. On the other hand, non‐surviving managers attached more importance to responsibility and to have an opportunity to meet people and interact with them than survivors. Research limitations/implications – In future studies, the longitudinal investigation can be improved, non‐Asian locations could be included, and more work values as well as other personal characteristics can be added. Practical implications – The findings may have consequences for the strategic retention of managerial staff. Originality/value – As opposed to the traditional perspective, that firms in dire straits may lose their best and brightest first, the findings suggest that in a general economic recession, it could be possible to retain managers capable to ride out the crisis.

Journal

Career Development InternationalEmerald Publishing

Published: Aug 7, 2007

Keywords: Downsizing; Recession; Managers; Motivation (psychology); Hong Kong

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