“…The financial results are measured, for example, by means of market share, profits, sales, financial liquidity, share price, firm value and company’s goodwill (Arthur, 1994; Beatty et al, 2003; Becker and Gerhart, 1996; Chadwick et al, 2012; Chaudhry et al, 2019; Combs et al, 2006; Huselid, 1995; Lawal and Ben-Bernard, 2014; Lin, 2012; MacDuffie 1995; Pfeffer and Veiga, 1999; Richey and Wally, 1998: 80; Stor and Haromszeki, 2020a). The organizational results may refer to efficiency, productivity, innovativeness, quality of products/services, and competitive advantage (Acosta-Prado et al, 2020; Arthur, 1994; Becker and Gerhart, 1996; Birdi et al, 2008; Easa and Orra, 2020; Ferguson and Reio, 2010; Huselid, 1995; Huselid et al, 1997; Paawe and Ferndale, 2017; Pfeffer and Veiga 1999; Sparrow et al, 2016; Stor and Haromszeki, 2020b). The research within the managerial results in most cases refers to the interrelations and levels of coherence between business strategies and particular subfunctions of HRM with company’s performance results (Beer et al, 1984; Bello-Pintado, 2015; Chanda and Shen, 2009; Dastmalchian et al, 2020; Jashari and Kutllovci, 2020; Guest, 1997; Guest et al, 2011; Schuler and Jackson, 1987; Stor and Suchodolski, 2016; Wright and Snell, 1991, 1995).…”