title: The Impact of Human Resources Management Systems on Financial Performance of Banks in Russia
metadata.name: dc.contributor.author
metadata.value: Zelenova, Olga I.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Prosvirkina, Elena Yu.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2018-02-06T15:52:20Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2018-02-06T15:52:20Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2017-12
metadata.lang: -
metadata.name: dc.identifier.other
metadata.value: 10.21638/11701/spbu18.2017.404
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/9101
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: The article presents analysis of the impact of human resource management systems (HRM)
  on the financial performance of banks operating in the Russian market. The sample includes
  67 banks with different organizational characteristics (nationality of capital, ownership, location
  of the head office, number of years of operation in the Russian market). The research
  is based both on qualitative (a survey of heads of HR services of banks) and quantitative
  (analysis of financial statements of banks). Data were collected in the period from 2011 to
  2015. Initially, the main indicators characterizing the effectiveness of the HRM system (labor
  productivity and return on investment in human capital), as well as indicators of the financial
  performance of banks (return on assets and return on capital), were calculated. Further,
  with the help of the system of econometric equations, the impact of performance indicators
  of HRM systems on financial results of banks was determined. The study revealed that, on
  one hand, implementation of the functions of the HRM system does not have a positive impact
  on financial performance of the bank. At the same time, the impact of effects of some
  particular variables characterizing the HRM system itself (orientation on the strategic goals
  of the bank, the composition of the functions performed, the automation of functions, the
  flexibility and innovation of the HRM system, the amount of personnel costs) on performance
  of banks was revealed. So, the positive effect of the HRM system arises from its orientation
  towards the strategic goals of the bank, as well as with the use of electronic systems that
  automate the functions of HRM and thus improving the timing and quality of their implementation. Together, these variables, characterizing the HRM system, increase the return on
  investment in human capital. If the bank also achieves the flexibility and innovation of the
  HRM system, then labor productivity also increases. This, in turn, has a positive impact on
  the financial performance of banks.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: ru
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: St Petersburg State University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: Russian Management Journal;Volume 15; Issue 4
metadata.lang: -
metadata.name: dc.subject
metadata.value: human resources management system
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: financial performance
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: labor productivity
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: return on investment in human capital
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: banking sector of Russia
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: The Impact of Human Resources Management Systems on Financial Performance of Banks in Russia
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Article
metadata.lang: en_GB
resources.filename: 04-Zelenova.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/9101/1/04-Zelenova.pdf
resources.format: Adobe PDF
resources.size: 1,02 MB