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Happy Workers, Richer Companies?

Happy Workers, Richer Companies?

“…In a 2012 paper, Wharton’s Alex Edmans showed that, controlling for factors like industry, firms listed in “100 Best Companies to Work For in America” have outperformed their peers in annual stock market growth by up to 3.8% since 1984. To make sure causality wasn’t running the wrong way —i.e.: great stock performance making workers happy—Edmans restricted his study to future returns (e.g.: “by relating satisfaction in December 2001 to stock returns in 2002″)…”

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