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The Relationship Between the Fortune 100 Best Companies to Work For and Stock Performance: Does Investing in Employees Produce Higher Returns?
Bowman, Christina
Bowman, Christina
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Date
2017
Additional date(s)
2017-05-19
Abstract
Investors are often searching to find new strategies to maximize stock performance. Oftentimes methodologies such as financial statement analysis or industry analysis are utilized to identify specific stocks, however, a new notion of corporate governance and the publication of the Fortune 100 Best Companies to Work For List may suggest a new investment strategy. The purpose of this study is to understand the relationship between investing in your employees and the corresponding stock market performance. This thesis explores past literature on the relationship between satisfied employees and productivity, as well as past studies performed on the Fortune 100 List. Lastly, the study analyzes the stock performance of the Fortune 100 List from 1998 to 2016 by comparing the market adjusted returns to the broad market returns. It is concluded that the Fortune 100 List overall outperforms the market, and further, that the Fortune 100 may be a good portfolio to invest in when the broad market is not doing well.
Contents
Subject
stock returns
employee satisfaction
Fortune 100
employee satisfaction
Fortune 100
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Department
Finance