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dc.contributor.authorNam, Vu Hoang
dc.contributor.authorLuu, Hiep Ngoc
dc.identifier.citationNam , V H & Luu , H N 2021 , ' How do human resource management practices affect innovation of small- and medium-sized enterprises in a transition economy? ' , Journal of Interdisciplinary Economics , vol. OnlineFirst .
dc.identifier.otherPURE: 274843373
dc.identifier.otherPURE UUID: f843d1ea-0c81-4027-ad4d-648a4e8f4233
dc.identifier.otherWOS: 000683929300001
dc.identifier.otherScopus: 85112157072
dc.description.abstractSmall- and medium-sized enterprises (SMEs) are one of the engines for inclusive economic growth. Yet little is known about the contribution of human resource management (HRM) practices to the success of SMEs. This study empirically examines how HRM practices determine different categories of innovation of SMEs in the context of a transition economy. Using a longitudinal dataset and applying the instrumental variable methodology to correct for endogeneity problems, our study uncovers that HRM practices positively affect the quality of employed human and physical capital assets of SMEs. More importantly, we find that that HRM practices significantly contribute to the launch of new products and improvement of existing products. In addition, we also find that the adoption of HRM practices facilitate labour productivity and value added. Taken together, these findings highlight that HRM practices are a strategic resource for innovation and development of SMEs in transition economies by rewarding them with higher-quality capital assets.
dc.relation.ispartofJournal of Interdisciplinary Economicsen
dc.rightsCopyright © The Author(s) 2021. Open Access. This article is distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 License ( which permits non-commercial use, reproduction and distribution of the work without further permission provided the original work is attributed as specified on the SAGE and Open Access page (
dc.subjectHuman resource managementen
dc.subjectHD28 Management. Industrial Managementen
dc.subjectSDG 8 - Decent Work and Economic Growthen
dc.subjectSDG 9 - Industry, Innovation, and Infrastructureen
dc.titleHow do human resource management practices affect innovation of small- and medium-sized enterprises in a transition economy?en
dc.typeJournal articleen
dc.description.versionPublisher PDFen
dc.contributor.institutionUniversity of St Andrews. School of Managementen
dc.description.statusPeer revieweden

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