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| Author: | Faleye, O. Trahan, E. |
| Title: | Labor-friendly corporate practices: is what is good for employees good for shareholders? |
| Journal: | Journal of Business Ethics
2011 : JUN, VOL. 101:1, p. 1-27 |
| Index terms: | employees stocks skilled workers productivity profitability stakeholders social responsibility |
| Language: | eng |
| Abstract: | The impact of stakeholders on shareholders is a much debated issue. This article examines the impact of one stakeholder group, the employees. The authors find that labour-friendly companies outperform otherwise similar companies and that announcements of labour-friendly policies influence stock returns in a positive way. The results show that concern for employee well-being translates into higher productivity and profitability that out-weigh the costs of such practices. |
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