| SEPTEMBER 12, 2011 |
| Happier Employees Give Companies Better Returns |
| Corporations listed in Fortune's "100 Best Companies to Work For in America" had equity returns that were 3.5% per year higher than those of their peers, indicating that employee satisfaction correlates positively with shareholder returns, says Alex Edmans of the Wharton School. The results of his study of companies from 1984 through 2009 also indicate that, contrary to prior research, employee satisfaction need not represent managerial slack, Edmans says. |
| Source: Does the stock market fully value intangibles? Employee satisfaction and equity prices |
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