Article
Does Good Human Resource Management Reduce the Cost of Financing During a Crisis?
2022-10-29
Abstract excerpt
Utilising an economics-based approach, this study estimates the cost-based return on investment (ROI) in human resource management (HRM) through the corporate cost of financing channel. Using bond issuance data for Chinese companies, we find that firms with superior employee relations management are associated with 16.79 basis points lower bond issuance spreads (as the proxy for cost of financing) during the COVID...
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Identifiers and source
- Literature Corpus work
- cbfd70da-7269-5510-a8e3-47b706414281
- DOI
- 10.2139/ssrn.4261225