Does the Stock Market Fully Value Intangibles? Employee Satisfaction and Equity Prices
- Categorized in: Employees
This paper analyzes the relationship between employee satisfaction and long-run stock performance. An annually rebalanced portfolio of Fortune magazine.s .Best Companies to Work For in America. Earned 14% per year from 1998-2005, over double the market return, and a four-factor alpha of 0.64%
This paper analyzes the relationship between employee satisfaction and long-run stock
performance. An annually rebalanced portfolio of Fortune magazines Best Companies
to Work For in America earned 14% per year from 1998-2005, over double the market
return, and a four-factor alpha of 0.64%.
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