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Exploring the link, among small firms, between management training and firm performance: A comparison between the UK and other OECD countries
journal contribution
posted on 2023-06-08, 08:29 authored by David StoreySmall firms are much less likely than large firms to provide their employees and their managers with formal training. Storey and Westhead offer two explanations of this, which they refer to as the 'ignorance' explanation and the 'market' explanation. This paper reviews recent research findings that increasingly point towards support for the 'market' over the 'ignorance' explanation. While it has a policy interest in the UK, the paper draws comparisons with five other OECD countries: Canada, Finland, Germany, Japan and the USA. The paper shows that there is ambiguity in the evidence relating management training to small firm performance. When the views of trainees are sought, public programmes appear to be well received. However, econometric methods linking training participation to small firm performance produce weak findings. This suggests that the relatively low take up of formal management training is an informed decision on the part of the small firm owner/manager. It implies that seeking to increase formal small firm training activity by raising the awareness of owners/managers to the benefits of training is misguided.
History
Publication status
- Published
Journal
International Journal of Human Resource ManagementISSN
09585192Publisher
Taylor and FrancisExternal DOI
Issue
1Volume
15Page range
112-130Department affiliated with
- Business and Management Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2012-02-06Usage metrics
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