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This paper deals with the relationship between high performance human resource practices, organizational learning and business performance. The hypotheses proposed here are tested on a sample of 195 Spanish companies employing over 200 people, and using structural equation modeling as a statistical technique. Our findings show that high performance human resource practices have a positive effect on organizational learning, which in turn has a positive influence on business performance. Nevertheless, a direct effect of human resource practices on business performance has not been observed. Thus, we can conclude that human resource practices by themselves are not a source of competitive advantage, since this will depend on their capacity to provide incentives for employees to put their knowledge into practice and thereby promote active cooperation.
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