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Human Resource investment in Korean Hospitality Companies
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Hospitality기업의 인적자원투자

논문 기본 정보

Type
Academic journal
Author
Journal
Korea hotel resort Association 호텔리조트연구 호텔리조트연구 제14권 제4호 KCI Accredited Journals
Published
2015.1
Pages
375 - 388 (14page)

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Human Resource investment in Korean Hospitality Companies
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Abstract· Keywords

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The differentiated strategy in education & training investment and excellent human resource secure has important effect on business growth of firms in mid- and long-term. However, asset value of education & training expenses in firms is not accepted. For this reason, education & training system in small and medium firms is not operating efficiently. The main purpose of this study is to test the effects of education & training expenses on firm business performance, and to show strategic importance and investment necessity of human resources development to firms and government in mid- and long-term. For this purpose, this study empirically tested the effects of education & training expenses on firm performance and conducted additional analysis for sample groups subdivided to large firms and small and medium firms. The results of the study are summarized as follows. First, education & training expenses have positively significant effect on firm performance. Second, education & training expenses have effects on firm performance since two years ago. In additional analysis, education & training expenses have effects on firm performance since three years ago in sample subdivided to large firms and have effects on firm performance of same period in sample subdivided to small and medium firms. These results indicate that firms have to increase education & training investment to strengthen the competitiveness, and government has to support education & training system of firms in mid- and long-term.
#교육훈련투자 #사업성과 #Education & #amp # Training Expenses #investment) #Effect of Time Lag #Business Performance #Firm's competitiveness

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Bartel, A. P / 2000 / Measuring the Employer's Return on Investment in Training: Evidence from the Literature / Industrial Relations 39 (3) : 502 ~ 524 google schola Black. S. E / 1996 / Human-Capital Investment and Productivity / American Economic Review 86 (2) : 263 ~ 267 google schola Chauvin, K / 1993 / Advertising, R&D Expenditures and the Market Value of the Firm / Financial Management : 128 ~ 140 google schola Delaney, J. T / 1997 / The impact of human resource management practices on turnover, productivity, and corporate financial performance / Academy of Management Journal 38 (3 google schola Delery, J. E / 1996 / Modes of Theorizing in Strategic Human Resource Management: Tests of Universalistic, Contingency, and Configurational Performance Predictions / Academy google schola

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