Umfang:
1 Online-Ressource (52 p)
Inhalt:
The paper addresses the issue of whether employee satisfaction influences employee turnovers, firms' operating performances and financial risk. Consistent with human relations theories of the firm, results show that firms' corporate social responsibility (CSR) scores are positively related to employee satisfaction measured by Fortune reputation scores. Specifically, higher CSR scores of overall attributes, attributes in employee relations and employee related lead to lower employee turnovers through the channel of employee satisfaction. Moreover, higher CSR scores in the aforementioned attributes also lead to lower systematic risk and better operating performances. In my empirical tests, I address potential endogeneity concerns by instrumenting CSR using data on the political affiliation of the firm's headquartered county. Overall, this CSR study contributes to the literature by identifying an important mechanism that higher corporate social performance reduces firm risk and leads to stronger corporate performances through the channel of employee satisfaction
Anmerkung:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 6, 2015 erstellt
Sprache:
Englisch
DOI:
10.2139/ssrn.2617101
