The Impact of Human Resource Management on the Financial Performance of Listed Firms in Vietnam
Authors:
International Journal of Innovation, Creativity and Change
: :
Publishing year: 2020
This research is conducted to investigate the impact level of human
resource management on financial performance of firms in Vietnam.
Secondary data was collected from audited annual reports of large listed
firms and primary data was gathered from sending questionnaires to big
listed firms on the Ho Chi Minh Stock Exchange (HOSE). We ran a
regression model for independent variables of human resource
management and dependent variable of financial performance. Return
on assets and profit before tax are proxied for financial performance.
The results show that the sharing of information and authorisation in the
governance system is an important determinant influencing the
creativity of individuals and organisations. Therefore, large listed firms
should proactively develop and implement policies on training and
developing personnel skills; develop recruitment activities to ensure the
most suitable input resources for firms; design a system to encourage
personnel; and appropriate organisational structure to increase creative
space for employees.