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

By Alex Edmans. 2012

598 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/a7b559cdc7b0aea16fec3cc0e2214591664a0a5c

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Citations in the corpus

A Scientific Review of the Remarkable Benefits of Happiness for Successful and Healthy Living (2013, background): “Similarly, Edmans (2011; 2012) found evidence consistent with the importance of employee satisfaction for firm performance.”
Corporate Social Responsibility, Noise, and Stock Market Volatility (2012, background): “Given the rigor and quality of particular study designs and analytic approaches, these independent data can provide important evidence on the benefits of CSR (Edmans, 2011, 2012).”
Happiness and Productivity (2015, unknown): “Empirically, our work connects to, and might eventually offer elements of a microeconomic foundation for, the innovative recent study by Edmans ð2012Þ, who finds that levels of job satisfaction appear to be predictive of future stock market performance.”
Corporate Social Responsibility and Stakeholder Value Maximization: Evidence from Mergers (2013, unknown): “Our results are consistent with Edmans (2011, 2012), who shows that firms with high employee satisfaction realize long-term abnormal stock returns, and support the stakeholder value maximization view.”
Employee Wellbeing, Productivity, and Firm Performance (2019, unknown): “…rigid labour markets as in the Scandinavian countries or in Germany, however, were not statistically significant.38 This suggests that in contexts where firms face lower barriers to 36 Edmans (2012) shows that returns even range between 2.3% and 3.8% if the years 2010 and 2011 are also included.”
Corporate Social Responsibility and Sustainable Finance (2020, unknown): “…against rare environmental disasters or social malfunctioning (Koh, Qian, and Wang, 2014); - motivating employees leading to employee satisfaction (Edmans, 2011, 2012); - lowering cost of capital (Goss and Roberts, 2011; El Ghoul, Guedhami, Kwok, and Mishra, 2011; Dhaliwal, Li, Tsang, and Yang,…”
Does employees’ subjective well-being affect workplace performance? (2017, background): “Edmans (2011, 2012) has since extended this list of large-firm studies by examining the links between job satisfaction and firm value in a sample of publicly-traded US firms.”
Do Broad-based Employee Ownership, Profit Sharing and Stock Options Help the Best Firms Do Even Better? (2016, unknown): “The response rate for the employee survey is close to 60% (Edmans 2012), and there is no reason to believe that response rate is related to the variables of interest in this study.”
Family Firms, Employee Satisfaction, and Corporate Performance (2015, methodology): “Edmans (2011, 2012) and Guiso, Sapienza and Zingales (2014) use data assembled by the Great Place to Work Institute to proxy for culture, while Popadak (2013) constructs measures based on qualitative employee reviews.”