Project overview
There exists a substantial body of research on how employee well-being affects firm performance and firm policies. The literature indicates that employee health conditions and health risks pose a significant burden on employers, as they correlate with absenteeism and reduced on-the-job productivity, i.e. presenteeism.
On the other hand, very little is known about the effects that firm performance exerts on employee well-being. In particular, the question of whether and to what extent the performance of a company’s stock in the equity market affects employee well-being has been almost entirely overlooked.
This question is important because recent research reveals that stock market declines swiftly affect investors’ health along several dimensions, and statistics show that employees’ equity portfolios and retirement plans are over-exposed to the stock of the company for which they work. The goal of this project is to investigate whether and to what extent changes in the price of a company’s stock exert immediate effects on its employees’ health.
On the other hand, very little is known about the effects that firm performance exerts on employee well-being. In particular, the question of whether and to what extent the performance of a company’s stock in the equity market affects employee well-being has been almost entirely overlooked.
This question is important because recent research reveals that stock market declines swiftly affect investors’ health along several dimensions, and statistics show that employees’ equity portfolios and retirement plans are over-exposed to the stock of the company for which they work. The goal of this project is to investigate whether and to what extent changes in the price of a company’s stock exert immediate effects on its employees’ health.
