Employee satisfaction and stock returns during the COVID-19 Pandemic

Becker, Mary J.; Cardazzi, Alexander; McGurk, Zachary

doi:10.1016/j.jbef.2021.100603

Cited by 11 publications

(3 citation statements)

References 20 publications

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“…First, this is one of few studies that has attempted to explore the importance of qualitative and quantitative evaluations of the various job aspects on the overall employee experiences during the pandemic. Though previous studies have examined various employee variables during the pandemic, such as employee engagement (Chanana and Sangeeta, 2021), employee satisfaction (Becker et al ., 2022), etc., the overall employee experience is less explored. Second, most of the prior research on employee experience have predominantly employed survey questionnaire method to collect the data; some of the studies have adopted qualitative method to study the employee experience (Prajapati and Pandey, 2020; Neill and Bowen, 2020; Qin and Men, 2022; Shambi, 2021; Yüksel, 2017; Zacher and Rudolph, 2022).…”

Section: Discussionmentioning

confidence: 99%

Decoding employee experiences during pandemic through online employee reviews: insights to organizations

Joshi

Sekar

Das

2023

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PurposeThe purpose of this paper is to unearth various dimensions of employee experience (EX) and explore how pandemic impacted various EX factors using online employee reviews. The authors identify employee-discussed EX-factors and quantify the associated sentiments and importance.Design/methodology/approachThis paper employs Latent Dirichlet Allocation on the online employee reviews to identify the key EX-factors. The authors probe sentiments and importance associated with key EX-factors using sentiment analysis, importance analysis, regression analysis and dominance analysis.FindingsThe result of topic modeling identifies 20 EX-factors that shape overall EX. While skill development plays a major role in shaping overall EX, employees perceived Salary and Growth as the most important EX-factor and expressed negative sentiments during the pandemic. Employee sentiments significantly influence overall EX.Practical implicationsWhen employees have extensive change experience, managers should consider various facets of EX to manage the smooth change and deliver a better EX. This research offers key EX-factors to be considered by managers while dealing with employees. Online employee reviews websites are recommended to include the identified key EX-factors to comprehend the holistic EX.Originality/valueThis study contributes to the growing literature on the employee experience as a concept by identifying various EX-factors. The authors expand the extant EX scales by identifying an inclusive and updated set of EX-factors.

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Section: Discussionmentioning

confidence: 99%

Decoding employee experiences during pandemic through online employee reviews: insights to organizations

Joshi

Sekar

Das

2023

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“…Using a dataset of 408 US firms from 2002 to 2011, Barnett et al (2018) found that companies with greater corporate responsibility ratings (CSR) were less likely to experience litigation. Other studies identified positive abnormal for firms with high employee satisfaction (Becker et al, 2022; Edmans et al, 2014; Fauver et al, 2018), customer loyalty (Albuquerque et al, 2019; Luo & Bhattacharya, 2009), and social capital and trust (Fiordelisi et al, 2022; Lins et al, 2017). Another strand of studies finds that the implementation of environmentally virtuous practices yields more favorable access to finance (Cheng et al, 2014; Liu et al, 2021; Maaloul, 2018) and generates a lower cost of debt financing (Caragnano et al, 2020; Jung et al, 2018; Pizzutilo et al, 2020) and cost of capital (Mariani et al, 2021; Sharfman & Fernando, 2008).…”

Section: Literature Reviewmentioning

confidence: 99%

Section: Social Responsibility and Performancementioning

confidence: 99%

Portfolio performance implications of investment in renewable energy equities: Green versus gray

Pizzutilo

Gleason

2023

Corp Soc Responsibility Env

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The Sustainable Development Goals of the United Nation and interest by investors in Environmental, Social and Governance (ESG) investment strategies have caused a rapid shift to the green or renewable energy sector, from traditional or gray (oil, gas, and coal) energy companies. In this study, we examine whether and to what extent, financially speaking, there is a price to pay for investing in renewable energy sector equity. Moreover, we seek to determine whether green investments can be considered a hedge during times of financial stress. We find that alphas from investments in a portfolio of gray (overall energy sector) stocks and versus a portfolio of renewable energy equities during an exogenous, non‐financial shock—the COVID‐19 pandemic—and during non‐crisis periods did not differ statistically. However, the renewable energy index showed higher idiosyncratic volatility than the energy index, as expected. The results are robust to alternative model specifications. From a practical perspective, our results are informative in that they provide insights into the tradeoffs associated with renewable energy investments. In particular, risk‐adjusted returns to a renewable energy portfolio may be affected by greater idiosyncratic risk.

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Employee treatment and firm performance: evidence from topic modelling in lawsuit announcements

Unsal

Hassan

2023

Rev Quant Finan Acc

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Employee satisfaction and stock returns during the COVID-19 Pandemic

Cited by 11 publications

References 20 publications

Decoding employee experiences during pandemic through online employee reviews: insights to organizations

Decoding employee experiences during pandemic through online employee reviews: insights to organizations

Portfolio performance implications of investment in renewable energy equities: Green versus gray

Employee treatment and firm performance: evidence from topic modelling in lawsuit announcements

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