Table of Contents Author Guidelines Submit a Manuscript
Education Research International
Volume 2014, Article ID 749606, 9 pages
http://dx.doi.org/10.1155/2014/749606
Research Article

The Effects of Training on the Competitive Economic Advantage of Companies in Spain

1Department of Business Administration, Universitat Politècnica de Catalunya, 08034 Barcelona, Spain
2Department of Public Economics, Political Economy and Spanish Economy, Faculty of Economics and Business, Universitat de Barcelona, 08034 Barcelona, Spain

Received 12 July 2014; Revised 12 November 2014; Accepted 16 November 2014; Published 4 December 2014

Academic Editor: Shu-Sheng Liaw

Copyright © 2014 Maria Luz Marin-Diaz et al. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Linked References

  1. J. Mincer, “Investment in human capital and personal income distribution,” Journal of Political Economy, vol. 66, no. 4, pp. 281–302, 1958. View at Google Scholar
  2. T. Schultz, “Investment in human capital,” American Economic Review, vol. 51, no. 1, pp. 1–17, 1961. View at Google Scholar
  3. G. Becker, Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education, University of Chicago Press, Chicago, Ill, USA, 1964.
  4. B. Squire, P. D. Cousins, and S. Brown, “Cooperation and knowledge transfer within buyer-supplier relationships: the moderating properties of trust, relationship duration and supplier performance,” British Journal of Management, vol. 20, no. 4, pp. 461–477, 2009. View at Publisher · View at Google Scholar · View at Scopus
  5. M. Dickson and C. Harmon, “Economic returns to education: what we know, what we don’t know, and where we are going—some brief pointers,” Economics of Education Review, vol. 30, no. 6, pp. 1118–1122, 2011. View at Publisher · View at Google Scholar · View at Scopus
  6. C. C. Morrow, M. Q. Jarrett, and M. T. Rupinski, “An investigation of the effect and economic utility of corporate-wide training,” Personnel Psychology, vol. 50, no. 1, pp. 91–117, 1997. View at Publisher · View at Google Scholar · View at Scopus
  7. R. Lupton, J. Weiss, and R. Peterson, “Sales training evaluation model (STEM): a conceptual framework,” Industrial Marketing Management, vol. 28, pp. 73–86, 1999. View at Google Scholar
  8. C. J. Collins and K. D. Clark, “Strategic human resource practices, top management team social networks, and firm performance: the role of human resource practices in creating organizational competitive advantage,” Academy of Management Journal, vol. 46, no. 6, pp. 740–751, 2003. View at Publisher · View at Google Scholar · View at Scopus
  9. J. Landeta, J. Barrutia, and J. Hoyos, “Management turnover expectations: a variable to explain company readiness to engage in continuous management training,” The International Journal of Human Resource Management, vol. 20, no. 1, pp. 164–185, 2009. View at Publisher · View at Google Scholar · View at Scopus
  10. P. Neirotti and E. Paolucci, “Why do firms train? Empirical evidence on the relationship between training and technological and organizational change,” International Journal of Training and Development, vol. 17, no. 2, pp. 93–115, 2013. View at Publisher · View at Google Scholar · View at Scopus
  11. T. Davenport, D. Delong, and M. Brees, “Successful knowledge management projects,” Sloan Management Review, vol. 39, no. 2, pp. 43–57, 1998. View at Google Scholar
  12. P. Drucker, Management Challenges for the 21st Century, Harper Collins, New York, NY, USA, 1999.
  13. S. W. Schmidt, “The relationship between satisfaction with workplace training and overall job satisfaction,” Human Resource Development Quarterly, vol. 18, no. 4, pp. 481–498, 2007. View at Publisher · View at Google Scholar · View at Scopus
  14. A. Barrett and P. J. O'Connell, “Does training generally work? The returns to in-company training,” Industrial and Labor Relations Review, vol. 54, no. 3, pp. 647–662, 2001. View at Publisher · View at Google Scholar · View at Scopus
  15. M. Schonewille, “Does training generally work?: explaining labour productivity effects from schooling and training,” International Journal of Manpower, vol. 22, no. 1-2, pp. 158–172, 2001. View at Publisher · View at Google Scholar · View at Scopus
  16. K. Kraiger, “Perspectives on training and development,” in Comprehensive Handbook of Psychology, W. C. Borman, D. R. Ilgen, R. J. Klimoski, and N. J. Hoboken, Eds., vol. 12, pp. 171–192, John Wiley & Sons, New York, NY, USA, 2003. View at Google Scholar
  17. K. Birdi, C. Clegg, M. Patterson et al., “The impact of human resource and operational management practices on company productivity: a longitudinal study,” Personnel Psychology, vol. 61, no. 3, pp. 467–501, 2008. View at Publisher · View at Google Scholar · View at Scopus
  18. A. Aragón-Sánchez, I. Barba-Aragáon, and R. Sanz-Valle, “Effects of training on business results,” The International Journal of Human Resource Management, vol. 14, no. 6, pp. 956–980, 2003. View at Publisher · View at Google Scholar · View at Scopus
  19. B. Hansson, “Company-based determinants of training and the impact of training on company performance: results from an international HRM survey,” Personnel Review, vol. 36, no. 2, pp. 311–331, 2007. View at Publisher · View at Google Scholar · View at Scopus
  20. L. Bassi, J. Ludgwing, D. McMurrer, and M. van Murer, “Profiting from learning: firm-level effects of training investments and market implications,” Singapore Management Review, vol. 24, no. 3, pp. 61–76, 2002. View at Google Scholar
  21. J. A. Molina and R. Ortega, “Effects of employee training on the performance of North-American firms,” Applied Economics Letters, vol. 10, no. 9, pp. 549–552, 2003. View at Publisher · View at Google Scholar · View at Scopus
  22. M. Myers, D. Griffith, P. Daugherty, and R. Lusch, “Maximizing the human capital equation in logistics: education, experience and skills,” Journal of Business Logistics, vol. 25, no. 1, pp. 211–232, 2004. View at Google Scholar
  23. S. Guerrero and V. Barraud-Didier, “High-involvement practices and performance of French firms,” International Journal of Human Resource Management, vol. 15, no. 8, pp. 1408–1423, 2004. View at Publisher · View at Google Scholar · View at Scopus
  24. Y. C. Ng, “Training determinants and productivity impact of training in China: a case of Shanghai,” Economics of Education Review, vol. 24, no. 3, pp. 275–295, 2005. View at Publisher · View at Google Scholar · View at Scopus
  25. S. Akhtar, D. Z. Ding, and G. Le, “Strategic HRM practices and their impact on company performance in Chinese enterprises,” Human Resource Management, vol. 47, no. 1, pp. 15–32, 2008. View at Publisher · View at Google Scholar · View at Scopus
  26. I. B. Aragon and R. S. Valle, “Does training managers pay off?” The International Journal of Human Resource Management, vol. 24, no. 8, pp. 1671–1684, 2013. View at Publisher · View at Google Scholar · View at Scopus
  27. S. E. Black and L. M. Lynch, “Human-capital investments and productivity,” The American Economic Review, vol. 86, no. 2, pp. 263–267, 1996. View at Google Scholar · View at Scopus
  28. A. Bartel, “Measuring the employer’s return on investments in training: evidence from the literature,” Industrial Relations, vol. 39, no. 3, pp. 502–524, 2000. View at Google Scholar · View at Scopus
  29. H. Holzer, R. Block, M. Cheatham, and J. Knott, “Are training subsidies for firms effective? The Michigan experience,” Industrial and Labor Relations Review, vol. 46, no. 4, pp. 625–636, 1993. View at Google Scholar
  30. H. Tan and G. Batra, “Enterprise training in developing countries: overview of Incidence, determinants, and productivity outcomes,” Occasional Paper 9, Private Sector Development, World Bank, Washington, DC, USA, 1995. View at Google Scholar
  31. L. Dearden, H. Reed, and J. van Reenen, “The impact of training on productivity and wages: evidence from British Panel Data,” Oxford Bulletin of Economics and Statistics, vol. 68, no. 4, pp. 397–421, 2006. View at Publisher · View at Google Scholar · View at Scopus
  32. J. C. Percival, B. P. Cozzarin, and S. D. Formaneck, “Return on investment for workplace training: the Canadian experience,” International Journal of Training and Development, vol. 17, no. 1, pp. 20–32, 2013. View at Publisher · View at Google Scholar · View at Scopus
  33. F. Cooke, “Human resource strategy to improve organizational performance: a route for firms in Britain?” International Journal of Management Reviews, vol. 3, no. 4, pp. 321–339, 2001. View at Publisher · View at Google Scholar · View at Scopus
  34. S. Wolter and P. Ryan, “Apprenticeship,” in Handbook of the Economics of Education, E. A. Hanushek, S. Machin, and L. Woessmann, Eds., pp. 521–576, 2001. View at Google Scholar
  35. R. Asplund, “The provision and effects of company training: a brief review of the literature,” Nordic Journal of Political Economy, vol. 31, pp. 47–73, 2005. View at Google Scholar
  36. G. Ballot, F. Fakhfakh, and E. Taymaz, “Who benefits from training and R&D, the firm or the workers?” British Journal of Industrial Relations, vol. 44, no. 3, pp. 473–495, 2006. View at Publisher · View at Google Scholar · View at Scopus
  37. M. Úbeda-García, B. Marco-Lajara, V. Sabater-Sempere, and F. Garcia-Lillo, “Training policy and organisational performance in the Spanish hotel industry,” The International Journal of Human Resource Management, vol. 24, no. 15, pp. 2851–2875, 2013. View at Publisher · View at Google Scholar · View at Scopus
  38. O. Pons-Peregort, La formació a les organitzacions: una perspectiva des del disseny organitzatiu de Mintzberg [Ph.D. thesis], Universitat Politècnica de Catalunya, Dept. of Business Organization, 2000.
  39. M. Eguiguren-Huerta, Aspectos económicos de la formación en la empresa: una metodología para el control de gestión en la función de formación en la empresa de Catalunya [Ph.D. thesis], Department of Business Organization, Universitat Politècnica de Catalunya, 2000.
  40. C. D. Dziuban and E. C. Shirkey, “When is a correlation matrix appropriate for factor analysis? Some decision rules,” Psychological Bulletin, vol. 81, no. 6, pp. 358–361, 1974. View at Publisher · View at Google Scholar · View at Scopus
  41. W. Chin, PLS-Graph User’s Guide Version 3.0, University of Houston, Houston, Tex, USA, 2004.
  42. S. Kocakaya and F. Kocakaya, “A structural equation modeling on factors of how experienced teachers affect the students’ science and mathematics achievements,” Education Research International, vol. 2014, Article ID 490371, 8 pages, 2014. View at Publisher · View at Google Scholar
  43. C. Barroso, G. Cepeda, and J. Roldan, “Applying maximum likelihood and PLS on different sample sizes: studies on SERVQUAL model and employee behaviour model,” in Handbook of Partial Least Squares, V. Esposito Vinzi, W. W. Chin, J. Henseler, and H. Wang, Eds., pp. 427–447, Springer, Berlin, Germany, 2010. View at Google Scholar
  44. E. Carmines and R. Zeller, Reliability and Validity Assessment, Paper Series on Quantitative Applications in the Social Sciences 07-017, Sage University, Beverly Hills, Calif, USA, 1979.
  45. C. Werts, R. Linn, and K. Jöreskog, “Interclass reliability estimates: testing structural assumptions,” Educational and Psychological Measurement, vol. 34, no. 1, pp. 25–33, 1974. View at Publisher · View at Google Scholar
  46. D. Barclay, C. Higgins, and R. Thompson, “The partial least squares (PLS) approach to causal modelling: Personal computer adoption and use as an illustration,” Technology Studies, Research Methodology, vol. 2, no. 2, pp. 285–309, 1995. View at Google Scholar
  47. C. Fornell and D. Larcker, “Evaluating structural equation models with unobservable variables and measurement error,” Journal of Marketing Research, vol. 18, pp. 39–50, 1981. View at Google Scholar
  48. M. Stone, “Cross-validatory choice and assessment of statistical predictions,” Journal of the Royal Statistical Society, vol. 36, pp. 111–147, 1974. View at Google Scholar · View at MathSciNet
  49. S. Geisser, “The predictive sample reuse method with applications,” Journal of the American Statistical Association, vol. 70, pp. 320–328, 1975. View at Google Scholar
  50. G. Hamel and C. Prahalad, Compitiendo por el futuro: estrategia crucial para crear los mercados del mañana, Ariel Sociedad Económica, Barcelona, Spain, 1999.
  51. W. McMahon, “The social and external benefits of education,” in International Handbook of the Economics of Education, G. Johnes and J. Johnes, Eds., Edward Elgar, Cheltenham, UK, 2004. View at Google Scholar
  52. Cedefop, Benefits of Vocational Education and Training in Europe for People, Organizations and Countries, Publications Office of the European Union, 2013.
  53. J. Llisterri, N. Gligo, O. Homs, and D. Ruiz-Devesa, Educación técnica y formación profesional en América Latina, El reto de la productividad, Serie Políticas Públicas y Transformación Productiva no. 13, 2014.
  54. G. Crespi and P. Zúñiga, Evidence from Six Latin American Countries, Inter-American Development Bank, 2010.