Working Paper

01 July 2014

Employee Satisfaction, Labor Market Flexibility, and Stock Returns Around the World

We study the relationship between employee satisfaction and stock returns across 30 countries. Employee satisfaction is associated with superior long-run returns in flexible labor markets, such as the US and UK, but not rigid labor...

Alex Edmans | Lucius Li | Chendi Zhang


Teams and Bankruptcy

Corporate bankruptcies constitute an important mechanism through which the economy rids itself of obsolete firms and allocates their constituent...Read more

Ramin Baghai
Rui Silva
Luofu Ye
08 October 2019