arbiter
JournalsAccount

Interplay of Institutional Ownership and Negative Media Coverage on Firms’ High‐Investment Human Resource Management Systems

Kaifeng Jiang et al.

Personnel Psychology2025https://doi.org/10.1111/peps.12690article
AJG 4*ABDC A*
Weight
0.41

Abstract

We respond to calls for research on the antecedents of human resource management (HRM) systems by exploring the main effects of institutional ownership and the moderating role of negative media coverage. Drawing upon resource dependence theory, we propose that a firm's dedicated institutional ownership is positively related to its use of high‐investment HRM systems. Conversely, transient institutional ownership is negatively associated with such use. Additionally, we theorize that negative media coverage related to labor and employment issues weakens both the positive relationship of dedicated institutional ownership and the negative relationship of transient institutional ownership with high‐investment HRM systems. Using longitudinal archival data on a sample of US‐listed firms from 2007 to 2017 ( N = 5727 firm‐year observations), we found support for a positive relationship between dedicated institutional ownership and high‐investment HRM systems as well as the role of negative media coverage in weakening the positive relationship of dedicated institutional ownership and the negative relationship of transient institutional ownership with high‐investment HRM systems. Our paper advances research on antecedents of HRM systems by highlighting the roles of external stakeholders in affecting firms’ HRM systems. It also contributes to resource dependence theory by showing how firms manage their dependencies on multiple stakeholders. Our findings provide implications for both practitioners and policymakers.

2 citations

Open via your library →

Cite this paper

https://doi.org/https://doi.org/10.1111/peps.12690

Or copy a formatted citation

@article{kaifeng2025,
  title        = {{Interplay of Institutional Ownership and Negative Media Coverage on Firms’ High‐Investment Human Resource Management Systems}},
  author       = {Kaifeng Jiang et al.},
  journal      = {Personnel Psychology},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1111/peps.12690},
}

Paste directly into BibTeX, Zotero, or your reference manager.

Flag this paper

Interplay of Institutional Ownership and Negative Media Coverage on Firms’ High‐Investment Human Resource Management Systems

Flags are reviewed by the Arbiter methodology team within 5 business days.

Evidence weight

0.41

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.25 × 0.4 = 0.10
M · momentum0.55 × 0.15 = 0.08
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.