Luc Sels

Learning about small business profitability: the influence of management practices and owner-manager human capital

Johan Maes, Luc Sels, Filip Roodhooft

In a free market economy the importance of small business as a major job supplier, innovator and source of growth is widely recognized. Given the importance of small business for an economy, the...

Is the Pendulum Swinging Back? Patterns of Skill Change in the Machine-Tool Industry

Luc Sels, Geert Van Hootegem

In this paper, we focus on the results of the Belgian Trend Study. The intention of this study was to examine the prevalence of new production concepts within the widest possible range of Belgian...

Linking HRM and Small Business Performance: An Examination of the Impact of HRM Intensity on the Productivity and Financial Performance of Small Businesses

Luc Sels, Sophie Winne, Jeroen Delmotte, Johan Maes, Dries Faems, Anneleen Forrier

Attempts to explore empirically the link between HRM and firm performance are numerous. Yet, research on this link remains restricted to large companies. Little is known about the extent to which the...

Unravelling the HRM-Performance Link: Value-Creating and Cost-Increasing Effects of Small Business HRM

Luc Sels, Sophie De Winne, Johan Maes, Jeroen Delmotte, Dries Faems, Anneleen Forrier

The majority of empirical studies on the HRM-performance link report a positive story. The costs associated with the productivity rise due to high performance work practices (HPWP) have been largely...

Modelling the Link Between Management Practices and Financial Performance. Evidence from Small Construction Companies

Johan Maes, Luc Sels, Filip Roodhooft

This paper develops a structural model to investigate the direct and indirect effects of owner–manager and company characteristics and selected management practices on the financial performance of...