Predicting the performance of initial public offerings: Should human resource management be in the equation?

Academy of Management Journal

Volumn 39, Issue 4, 1996, Pages 891-919

  Welbourne, Theresa M ^a   Andrews, Alice O ^a  

^a NONE

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0030305478     PISSN: 00014273     EISSN: None     Source Type: Journal    
DOI: 10.2307/256716     Document Type: Article

References (65)

1. Abowd, J. M., Milkovich, G. T., & Hannon, J. M. 1990. The effects of human resource decisions on shareholder value. Industrial and Labor Relations Review, 45: 203-235.
2. Aldrich, H. E., & Marsden, P. V. 1988. Environments and organizations. In N. J. Smelser (Ed.). Handbook of sociology: 361-392. Newbury Park, CA: Sage.
3. Allison, P. 1984. Event history analysis: Regression for longitudinal event data. Beverly Hills, CA: Sage.
4. Altman, R. M. 1988. Creating investor demand for company stock. New York: Quorum Books.
5. Amburgey, T. L., Kelly, D., & Barnett, N. P. 1993. Resetting the clock: The dynamics of organizational change and failure. Administrative Science Quarterly, 38: 51-73.
6. Arthur, J. B. 1994. Effects of human resource systems on manufacturing performance and turnover. Academy of Management Journal, 37: 670-687.
7. Astley, W. G., & Van de Ven, A. H. 1983. Central perspectives and debates in organization theory. Administrative Science Quarterly, 28: 245-273.
8. Baird, L., & Meshoulam, I. 1988. Managing two fits of strategic human resource management. Academy of Management Review, 13: 116-128.
9. Beatty, R. P., & Zajac, E. J. 1994. Managerial incentives, monitoring, and risk bearing: A study of executive compensation, ownership, and board structure in initial public offerings. Administrative Science Quarterly, 39: 313-335.
10. Birch, D. L. 1987. Job creation in America: How our smallest companies put the most people to work. New York: Free Press.
11. Davis, G. F. 1991. Agents without principals? The spread of the poison pill through the intercorporate network. Administrative Science Quarterly, 36: 583-613.
12. Davis, G. F., & Stout, S. K. 1992. Organization theory and the market for corporate control: A dynamic analysis of the characteristics of large takeover targets, 1980-1990. Administrative Science Quarterly, 37: 605-633.
13. Demaris, A. 1992. Logit modeling: Practical applications. Newbury Park, CA: Sage.
14. Dyer, L. 1984. Studying human resource strategy: An approach and an agenda. Industrial Relations, 23: 156-169.
15. Dyer, L., & Kochan, T. 1994. Is there a new HRM? Contemporary evidence and future directions. CAHRS working paper #94-22. School of Industrial and Labor Relations, Cornell University, Ithaca, NY.
16. Eisenhardt, K. M., & Schoonhoven, C. B. 1990. Organizational growth: Linking founding team, strategy, environment, and growth amount to U.S. semiconductor ventures. Administrative Science Quarterly, 35: 504-529.
17. Fisher, C. D. 1989. Current and recurrent challenges in human resource management. Journal of Management, 15: 157-180.
18. Freeman, J., & Hannan, M. T. 1989. Setting the record straight on organizational ecology: Rebuttal to Young. American Journal of Sociology, 95: 425-439.
19. Freeman, J., & Hannan, M. T. 1990. Technical change, inertia, and organizational failure. Technical report #90-4, Department of Sociology, Cornell University, Ithaca, NY.
20. Gerhart, B., & Milkovich, G. T. 1990. Organizational differences in managerial compensation and firm performance. Academy of Management Journal, 33: 663-691.
21. Gerhart, B., Trevor, C., & Graham, M. 1995. New directions in compensation research: Synergies, risk, and survival. Working paper, Center for Advanced Human Resource Studies, Cornell University, Ithaca, NY.
22. Gomez-Mejia, L. R., & Balkin, D. B. 1992. Compensation, organizational strategy and firm performance. Cincinnati: South-Western.
23. Hannan, M. T., & Carroll, G. R. 1992. Dynamics of organizational populations. New York: Oxford University Press.
24. Hannan, M. T., & Freeman, J. 1977. The population ecology of organizations. American Journal of Sociology, 82: 929-964.
25. Hannan, M. T., & Freeman, J. 1984. Structural inertia and organizational change. American Sociological Review, 49: 149-164.
26. Hannan, M. T., & Freeman, J. 1989. Organizational ecology. Cambridge, MA: Harvard University Press.
27. Haveman, H. A. 1992. Between a rock and a hard place: Organizational change and performance under conditions of fundamental environment transformation. Administrative Science Quarterly, 37: 48-75.
28. Haveman, H. 1993. Follow the leader: Mimetic isomorphism and entry into new markets. Administrative Science Quarterly, 38: 593-627.
29. Hofmeister, S. 1987. The seller's intent. Venture, October: 53-60.
30. Huselid, M. A. 1994. The impact of environmental volatility on human resource planning and strategic human resource management. Human Resource Planning, 16(3): 35-51.
31. Huselid, M. A. 1995. The impact of human resource pratices on turnover, productivity, and corporate financial performance. Academy of Management Journal, 38 635-672.
32. Ichniowski, C. 1990. Human resource management systems and the performance of U.S. manufacturing business. NBER working paper series #3449. National Bureau of Economic Research, Cambridge, MA.
33. Jackson, S. E., Schuler, R. S., & Rivero, J. C. 1989. Organizational characteristics as predictors of personnel practices. Personnel Psychology, 42: 729-786.
34. Kalleberg, A. L. & Leicht, K. 1991. Gender and organizational performance: Determinants of small business survival and success. Academy of Management Journal, 34: 136-161.
35. Kochan, T. A. & Dyer, L. 1993. Managing transformational change: The role of human resource professionals. International Journal of Human Resource Management, 4: 569-590.
36. Kruse, D. L. 1993. Profit sharing: Does it make a difference? Kalamazoo, MI: W. E. Upjohn Institute for Employment Research.
37. Lawler, E. E., III. 1981. Pay and organization performance. Reading, MA: Addison-Wesley.
38. Lengnick-Hall, C. A., & Lengnick-Hall, M. L. 1988. Strategic human resource management: A review of the literature and a proposed typology. Academy of Management Review, 13: 454-470.
39. Lundy, O. 1994. From personnel management to strategic human resource management. International Journal of Human Resource Management, 5: 687-720.
40. Lyles, M. A. 1990. A research agenda for strategic management in the 1990s. Journal of Management Studies, 24: 265-375.
41. MacDuffie, J. P. 1995. Human resource bundles and manufacturing performance: Organizational logic and flexible production system in the world auto industry. Industrial and Labor Relations Review, 48: 197-221.
42. Mahoney, T. A., & Deckop, J. R. 1986. Evolution of concept and practice in personnel administration/human rersource management. Journal of Management, 12: 223-241.
43. Marino, K. E., Castaldi, R. M., & Dolinger, M. J. 1989. Content analysis in entrepreneurship public offerings. Entrepreneurship Theory and Practices, 14(1): 51-66.
44. Milkovich, G. T., & Newman, J. M. 1993. Compensation (3rd ed.). Homewood, IL: Irwin.
45. Miles, R., & Snow, C. 1984. Designing strategic human resource systems.Organizational Dynamics, 13(1): 36-52.
46. Milliman, J., Von Glinow, M. A., & Nathan, M. 1991. Organizational life cycles and strategic international human resource management in multinational companies: Implications for congruence theory. Academy of Management Review, 16: 318-339.
47. Morgan, G. 1986. Images of organization. Knobbier Park, CA: Sage.
48. O'Flaherty, J. S. 1984. Going public: The entrepreneur's guide. New York: Wiley.
49. Rasheed, A., & Datta, D. K. 1994. Determinants of price premiums: A study of initial public offerings in the medical diagnostics industry. Paper presented at the annual meeting of the Academy of Management, Dallas.
50. Romanelli, E. 1989. Environments and strategies of organization start-up: Effects on early survival. Administrative Science Quarterly, 34: 369-387.
51. Schuler, R. S. 1987. Personnel and human resource management choices in organizational strategy. Human Resource Planning, 10(1): 1-17.
52. Singh, J. V., & Lumsden, C. J. 1990. Theory and research in organizational ecology. In W. R. Scott & J. Blake (Eds.), Annual review of sociology, vol. 16: 161-195. Palo Alto, CA: Annual Reviews.
53. Smirlock, M., Gilligan, T., & Marshall, W. 1984. Tobin's q and the structure-performance relationship. American Economic Review, 74: 1051-1060.
54. Snell, S. A. 1992. Control theory in strategic human resource management: The mediating effect of administrative information. Academy of Management Journal, 35: 292-327.
55. Snell, S. A. & Dean, J. W., Jr. 1994. Strategic compensation for integrated manufacturing: The moderating effect of jobs and organizational inertia. Academy of Management Journal, 37: 1190-1140.
56. Tichy, N., Fombrum, C., & Devanna, M. 1982. Strategic human resource management. Sloan Management Review, 23(2): 47-61.
57. Truss, C., & Gratton, L. 1994. Strategic human resource management: A conceptual approach. International Journal of Human Resource Management, 5: 663-686.
58. Wat, L. 1983. Strategies for going public. New York: Deloitte, Haskin & Sells.
59. Weaver, Jr., R. A. 1969. Initial public financing for the small and medium sized business. Washington, DC: Education Department, Investment Bankers of America.
60. Welbourne, T. M., & Gomez-Mejia, L. R. 1995. Gainsharing: A critical review and a future research agenda. Journal of Management, 21: 559-609.
61. Welbourne, T. M., & Gomez-Mejia, L. R. 1991. Team incentives in the workplace. In M. L. Rock & L. A. Berger (Eds.), The compensation handbook: A state-of-the art guide to compensation strategy and design: 236-247. New York: McGraw-Hill.
62. Wright, P. M., & McMahan, G. C. 1992. Theoretical perspectives for strategic human resource management. Journal of Management, 18: 295-320.
63. Yamaguchi, K. 1991. Event history analysis. Knobbier Park, CA: Sage.
64. Zedeck S., & Cascio, W. F. 1984. Psychological issues in personnel decisions. In M. R. Rosenzweig & L. W. Porter (Eds.), Annual review of psychology, vol. 35: 461-518. Palo Alto, CA: Annual Reviews.
65. Zeune, G. D. 1993. Ducks in a row: Orchestrating the flawless stock offering. Corporate Cashflow, 14(2): 18-21.