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
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author Becker, Mary
Cardazzi, Alexander
McGurk, Zachary
author_facet Becker, Mary
Cardazzi, Alexander
McGurk, Zachary
author_sort Becker, Mary
collection PubMed
description 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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spelling pubmed-86071892021-11-22 Employee satisfaction and stock returns during the COVID-19 Pandemic Becker, Mary Cardazzi, Alexander McGurk, Zachary J Behav Exp Finance Article 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. Elsevier B.V. 2022-03 2021-11-10 /pmc/articles/PMC8607189/ /pubmed/34840960 http://dx.doi.org/10.1016/j.jbef.2021.100603 Text en © 2021 Elsevier B.V. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Becker, Mary
Cardazzi, Alexander
McGurk, Zachary
Employee satisfaction and stock returns during the COVID-19 Pandemic
title Employee satisfaction and stock returns during the COVID-19 Pandemic
title_full Employee satisfaction and stock returns during the COVID-19 Pandemic
title_fullStr Employee satisfaction and stock returns during the COVID-19 Pandemic
title_full_unstemmed Employee satisfaction and stock returns during the COVID-19 Pandemic
title_short Employee satisfaction and stock returns during the COVID-19 Pandemic
title_sort employee satisfaction and stock returns during the covid-19 pandemic
topic Article
url 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
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