Antecedents of small business financial performance: the role of human resource management practices and strategy

Chinyamurindi, Willie T.; Kyogabiirwe, Janatti Bagorogoza; Kabagabe, Jolly Byarugaba; Mafabi, Samuel; Dywili, M.

doi:10.1108/er-03-2020-0138

Cited by 18 publications

(13 citation statements)

References 89 publications

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“…For starters the study aids understanding to the issue of HRM practices especially within a small business context. This has been something that researchers have encouraged globally (Hamadamin & Atan, 2019;Harney & Alkhalaf, 2020;Mutumba et al, 2021) and especially within a developing nation context such as South Africa (Chinyamurindi et al, 2021). Further, using the findings of the study, the link between HRM practices, psychological capital and firm performance is established.…”

Section: Implications For Practicementioning

confidence: 70%

Mediation of Psychological Capital on Human Resource Management Practices and Firm Financial Performance

Byarugaba

Mafabi²,

Dywili³

et al. 2022

IJBS

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The purpose of the study is to examine the mediating effect of psychological capital on the relationship between human resource management practices and financial performance in small businesses in South Africa. A cross-sectional survey design was utilised to collect data from a sample of 401 small businesses operating within the Eastern Cape Province of South Africa. The findings show that human resource management practices, psychological capital and financial performance are positively correlated to one another. Moreover, through hierarchical regression analyses, psychological capital was found to partially mediate the relationship between human resource management practices and financial performance. Based on the findings of the research, small business owners/managers can use the study results to develop strategies and interventions that can enable their firms to thrive.

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Section: Implications For Practicementioning

confidence: 70%

Mediation of Psychological Capital on Human Resource Management Practices and Firm Financial Performance

Byarugaba

Mafabi²,

Dywili³

et al. 2022

IJBS

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“…Moreover, organisational performance refers to the ability of organisations to meet its stakeholder's needs and its own needs for survival (Abualoush et al, 2018). According to Richard et al (2009) organisational performance should be related to factors such as profitability, improved service delivery, customer satisfaction, market share growth and improved productivity and sales (Abugre, 2020;Chinyamurindi et al, 2021). In this study, we focus on financial outcomes such as profit margins, sales and market share of firms.…”

Section: The Concept Of Performancementioning

confidence: 99%

“…According to Richard et al . (2009) organisational performance should be related to factors such as profitability, improved service delivery, customer satisfaction, market share growth and improved productivity and sales (Abugre, 2020; Chinyamurindi et al. , 2021).…”

Section: Literature Reviewmentioning

confidence: 99%

The mediating effect of knowledge management in the relationship between the HPO framework and performance

Bagorogoza

Herik

Waal

et al. 2023

IJPPM

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PurposeThe study examines the mediating effect of knowledge management (KM) in the relationship between the high-performance organisation (HPO) framework and high performance in financial institutions (FIs) in Uganda. The paper aims to develop a framework that promotes high performance in the FIs.Design/methodology/approachThe conceptual model was tested on a sample of 28 financial instituitions using structural equation model.FindingsThe findings revealed that the high-performance framework is significantly related to high performance and KM is related high performance. KM mediates the relationship between the high-performance framework and high performance.Research limitations/implicationsThe findings revealed that the high-performance framework is significantly related to high performance and KM is related high performance. KM mediates the relationship between the high-performance framework and high performance.Practical implicationsThe findings revealed that the high-performance framework is significantly related to high performance and KM is related high performance. KM mediates the relationship between the high-performance framework and high performance.Originality/valueThis study makes several empirical and theoretical contributions, addressing the gap in the literature about the role of the HPO framework in strategic management. This study tests the relationship between the HPO and the firm's performance by taking the mediating effects of KM. The designed model highlights a significant organisational performance approach that can influence the finance sector positively.

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“…The most important sources were obtained through interviews with individuals and the distribution of questionnaires. [22] discovered that firm financial performance is positively influenced by both business strategy and the capacity of human resource Girish Santosh Bagale et al (2021) [10] analyzed the primary landscape of small & medium-sized enterprises in India & addressed the contribution of SMEs to India's GDP.…”

Section: Literature Reviewmentioning

confidence: 99%

A study on the contribution that a business plan makes to the expansion of a small company

Baa¹

2022

J. Professional Business Review

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Purpose: The purpose of this study is to investigate the contribution of business plan in the expansion of small company. No matter how big or small a business is or what stage it is in,it needs a business plan to improve how it runs internally and to describe and market the business to possible outside investors. Theoretical framework: A business plan gives the company direction and brings employees together to work towards the same goals. When everyone works together, it's easier to manage time and resources and set the company up for growth. Planning is a big part of how successful a new or small business will be. Setting goals and making plans to reach those goals are two important parts of running a successful business. A business plan is a good way for a company to organize its goals and objectives in a way that makes sense. Design/methodology/approach: This is descriptive based study. In this research paper we survey on random sample of 250 respondents. Findings: This study reveals the descriptive statistics for different variables i.e. Business planning, Completed plan, Number of employees, Obtained external capital, Attractive products etc. The findings of this study could be used to figure out how businesses should be run, what methods should be used, and what parameters should be used to make sure businesses grow well in their local, regional, and global areas. Conclusion: In more rural and remote parts of the country, the expansion of small companies is essential to the continued employment creation and economic expansion. They contribute to a greater level of market competition.

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Antecedents of small business financial performance: the role of human resource management practices and strategy

Cited by 18 publications

References 89 publications

Mediation of Psychological Capital on Human Resource Management Practices and Firm Financial Performance

Mediation of Psychological Capital on Human Resource Management Practices and Firm Financial Performance

The mediating effect of knowledge management in the relationship between the HPO framework and performance

A study on the contribution that a business plan makes to the expansion of a small company

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