Examining the role of human resources management in the company’s financial performance based on the mediating role of staff cooperation

Economic Annals-XXI: Volume 208, Issue (3-4), Pages: 21-26

Citation information:
Zokirov, K., Yunusova, G., Abdikarimov, I., Isarov, O., Rasulov, I., & Alzubaidi, L. H. (2024). Examining the role of human resources management in the company’s financial performance based on the mediating role of staff cooperation. Economic Annals-XXI, 208(3-4), 21-26. doi: https://doi.org/10.21003/ea.V208-04

Kurbonalijon Zokirov
PhD (Agricultural Management),
Tashkent State Agrarian University
2 University Str., Salar Kurgan, Kibray District,
Tashkent Region, 111218, Uzbekistan
k_zokirov@tdau.uz
ORCID ID: https://orcid.org/0000-0002-8156-5913

Guzal Yunusova
PhD (Psychology),
Department of Psychology,
Fergana State University
19 Murabbilar (formerly Usman Khojayev) Str., Fergana City,
Fergana Region, 150100, Uzbekistan
yunusovag73@gmail.com
ORCID ID: https://orcid.org/0009-0000-8321-1257

Islombek Abdikarimov
PhD (Regional Economy),
Faculty of Economics and Humanities,
Mamun University
989Q+6V, Khiva, Xorazm Region, Uzbekistan
abdikarimov_islombek@mamunedu.uz
ORCID ID: https://orcid.org/0009-0003-5206-4399

Oman Isarov
D.Sc. (Philology),
Tashkent Institute of Irrigation and Agricultural Mechanization
Engineers’ National Research University
39 Kary Niyazi Str.,Tashkent, 100000, Uzbekistan
omanisarov@gmail.com
ORCID ID: https://orcid.org/0000-0003-2326-2057

Ilkhom Rasulov
PhD (Philology),
Kokand State Pedagogical Institute
23 Turon Str., Kokand, Ferghana Region, 150700, Uzbekistan
rasulovilxom@kspi.uz
ORCID ID: https://orcid.org/0009-0003-3402-5919

Laith Hussein Alzubaidi
MSc (Technical Engineering),
College of Technical Engineering,
the Islamic University
2976+72M, Najaf, Iraq;
College of Technical Engineering,
the Islamic University of Al Diwaniyah
XWP6+J7F, Al Diwaniyah, Iraq;
College of Technical Engineering,
the Islamic University of Babylon
Babylon, 51002, Iraq
laith.h.alzubaidi@gmail.com
ORCID ID: https://orcid.org/0009-0004-4685-0729

Examining the role of human resources management in the company’s financial performance based on the mediating role of staff cooperation

Abstract. Modern human resource management requires an approach that includes new intangible assets of the organization such as human resource innovations, relationships with employees and customers. In the economy based on human resource management, the role of intellectual capital in creating value for organizations can be considered greater than the role played by physical capital. Therefore, organizations need to systematically identify their human and intellectual capital in order to gain a sustainable competitive advantage. That is why the current research was conducted with the aim of investigating the relationship between human resource management and financial performance based on the mediating role of employees. The current research is of a descriptive correlation type from the point of view of practical purpose and the method of data collection. The statistical population of the current research was 345 employees of 125 financial companies located in the Science and Technology Park of Uzbekistan during 2022-2023. The sampling method was group and the sample size was determined through Cochran’s formula. In order to collect the desired information and measure the research variables, a standard questionnaire was used. LISREL 8.8 software was applied to analyze the data. The results of the path analysis showed that the dimensions of human resource management have a significant relationship with financial performance and employee cooperation.

Keywords: Business Environment; Human Resource Management; HRM; Employee; Cooperation; Financial Performance; Intellectual Capital; Knowledge Management; Intangible Assets; Science and Technology Park of Uzbekistan

JEL Classifications: Е24; Е41; Е64; I18; J28; J31

Acknowledgements and Funding: The authors received no direct funding for this research.

Contribution: The authors contributed equally to this work.

Data Availability Statement: The dataset is available from the authors upon request.

DOI: https://doi.org/10.21003/ea.V208-04

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Received 11.01.2024
Received in revised form 27.02.2024
Accepted 9.03.2024
Available online 28.04.2024