increase firm performance in general and enterprise productivity in particular by introducing PRP and if so, how much. However … novel and rigorous evidence on the productivity effect of varying attributes of PRP and shows that the details of PRP indeed … establish that the omitted variable bias is serious, makes the cross-sectional estimates on the productivity effect of the …

population and almost 50% of the survey respondents. To study how HRM practices affect the level of firm productivity, we first … positive association with the HRM practices and the level of firm productivity. Perhaps more importantly, however, we find that … not all forms of employee financial and decision-making participation practices have favorable productivity effects …