Disaggregating the liberal market economies: institutions and HRMBrewster, C. ORCID: https://orcid.org/0000-0001-5314-1518, Brookes, M. and Wood, G. (2024) Disaggregating the liberal market economies: institutions and HRM. Economic and Industrial Democracy. ISSN 1461-7099 (In Press)
It is advisable to refer to the publisher's version if you intend to cite from this work. See Guidance on citing. To link to this item DOI: 10.1177/0143831X241235798 Abstract/SummaryIt has been argued that the different ways human resource management is conducted in different countries can be at least partly explained by theories of comparative capitalisms. Earlier work has highlighted much diversity between coordinated market economies, but the liberal markets are commonly assumed to represent a more coherent category. We subject the latter assumption to closer scrutiny by examining differences between the liberal market economies in their approaches to HRM. We find that the USA display greater centralization in Human Resource Management practices, higher turnover rates, and less delegation to employees, than in the UK and Australia, this being associated with differences in institutional realities. Our study highlights how, under a broad institutional archetype, specific systemic features may exert strong effects on specific HRM practices and challenges assumptions of close institutional coupling in the most advanced economies.
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