The Link Between Job Satisfaction and Firm Value , With Implications for Corporate Social Responsibility

  title={The Link Between Job Satisfaction and Firm Value , With Implications for Corporate Social Responsibility},
  author={Alex Edmans},
  • Alex Edmans
  • Published 2012
Executive Overview How are job satisfaction and firm value linked? I tackle this long-standing management question using a new methodology from finance. I study the effect on firm-level value, rather than employee-level productivity, to take into account the cost of increasing job satisfaction. To address reverse causality, I measure firm value by using future stock returns, controlling for risk, firm characteristics, industry performance, and outliers. Companies listed in the “100 Best… CONTINUE READING

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