HRM configurations in Korean venture firms: Resource availability, institutional force and strategic choice perspectives

Johngseok Bae, Gyu Chang Yu

Research output: Contribution to journalArticle

13 Scopus citations

Abstract

To examine various human resource management (HRM) configurations and their explalatory variables, we generated several hypotheses and tested them with data collected from Korean venture firms. For these purposes, we first suggested two ideal types of HRM configuration: a control-based human resource system (CBHRS) and a high-performing human resource system (HPHRS). Depending on contextual variables, firms are expected to make a choice between the two or among their variants. To generate hypotheses, we employed three theoretical perspectives: resource availability, institutional force, and strategic choice. To test the hypotheses, we collected data from 464 venture firms in Korea. From the data, we derived five different HRM configurations: Costminimizing type; Paternalistic type; Inducement type; Investment type; and Transitional type. Both the Cost-minimizing type and the Paternalistic type are classified as part of the CBHRS, the Inducement type and the Investment type are considered to be part of the HPHRS, and the Transitional type is taken to be mixed. We found that all three theoretical perspectives partly explained the selection of HRM configurations. Some related issues are raised and discussed in the final section.

Original languageEnglish
Pages (from-to)1759-1782
Number of pages24
JournalInternational Journal of Human Resource Management
Volume16
Issue number9
DOIs
StatePublished - 2005 Sep 1

Keywords

  • Control-based HRM
  • HRM configuration
  • High-performance HRM
  • Korea
  • Strategic human resource management (HRM)
  • Venture firms

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