No abstract

The objective of this paper is to test how human resources management (HRM) practices and employees' knowledge infl uence the development of innovative capabilities and, by extension, a fi rm's performance. Results confi rm that HRM practices are not directly associated with innovation unless they take into account employees' knowledge. Specifi cally, our analyses establish a mediating role for the uniqueness of knowledge between collaborative HRM practices and innovative activity, a positive infl uence of knowledge-based HRM practices on valuable knowledge, and a positive contribution of innovations to the company's profi t. We tested hypotheses in a sample of fi rms from the most innovative Spanish industries through structural equation modeling.

No abstract

This cover sheet may not be removed from the document.Please scroll down to view the document. Does Family Involvement in Management Reduce the Risk of Business Failure? The Moderating Role of Entrepreneurial Orientation AbstractThis study explores the question of whether-and under which circumstances-family involvement helps avoid business failure. We hypothesize that it is family involvement in management, rather than ownership, which reduces the risk of failure during economic downturns; however, this effect is negatively affected by the firm's entrepreneurial orientation (EO). We argue that EO hinders reaching consensuses on and commitment to family-centered goals, which are focused on long-term survival. We analyze 369 manufacturing firms in Spain from 2007 to 2013, and find that family involvement in management reduces the risk of business failure, but this effect decreases as EO increases.

No abstract