Employee satisfaction and stock returns during the COVID-19 Pandemic

The COVID-19 Pandemic has had an unprecedented impact on how employees and employers operate. Employees, directly affected by workplace changes, may provide information regarding future efficiencies. As a result, crowdsourced employee satisfaction ([Formula: see text]) reviews mentioning the COVID-1...

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Detalles Bibliográficos
Autores principales: Becker, Mary, Cardazzi, Alexander, McGurk, Zachary
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier B.V. 2022
Materias:
Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8607189/
https://www.ncbi.nlm.nih.gov/pubmed/34840960
http://dx.doi.org/10.1016/j.jbef.2021.100603
Descripción
Sumario:The COVID-19 Pandemic has had an unprecedented impact on how employees and employers operate. Employees, directly affected by workplace changes, may provide information regarding future efficiencies. As a result, crowdsourced employee satisfaction ([Formula: see text]) reviews mentioning the COVID-19 Pandemic may contain useful information regarding the future profitability of these firms. We utilize crowdsourced COVID-19 Pandemic specific [Formula: see text] obtained from Glassdoor.com to determine the impact on abnormal stock returns for public firms from March–December 2020. We find evidence that higher COVID-19 [Formula: see text] is related to higher abnormal stock returns. While non-COVID [Formula: see text] is found not to be related to abnormal stock returns.

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