The causal effect of corporate governance on employee satisfaction

IF 16.4 1区化学 Q1 CHEMISTRY, MULTIDISCIPLINARY

Accounts of Chemical Research Pub Date : 2023-07-18 DOI:10.1111/jfir.12350

Marco Menner, Frederic Menninger

引用次数: 0

Abstract

We investigate the causal effect of increasing shareholder rights on employee satisfaction. To ensure causality, we use close shareholder votes on antitakeover provisions included in the Entrenchment Index (E-Index) as exogenous shocks to the corporate governance of a company. A 1-point increase in shareholder rights on the E-Index scale causes a 10% decrease in employee satisfaction. The channels that drive our results are decreases in employees' opinion about firm culture, in their view about the company's CEO, in the number of employees, and in capital expenditures.

Abstract Image

查看原文本刊更多论文

公司治理对员工满意度的因果效应

我们研究了股东权利增加对员工满意度的因果效应。为确保因果关系，我们将股东对 "控制权指数"（E-Index）中反收购条款的投票结果作为公司治理的外生冲击。股东权利在 E-Index 标度上每增加 1 点，员工满意度就会下降 10%。员工对公司文化的看法、对公司首席执行官的看法、员工人数和资本支出的减少是导致我们得出结果的原因。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

Accounts of Chemical Research 化学-化学综合

CiteScore

31.40

自引率

1.10%

发文量

312

审稿时长

2 months

期刊介绍： Accounts of Chemical Research presents short, concise and critical articles offering easy-to-read overviews of basic research and applications in all areas of chemistry and biochemistry. These short reviews focus on research from the author’s own laboratory and are designed to teach the reader about a research project. In addition, Accounts of Chemical Research publishes commentaries that give an informed opinion on a current research problem. Special Issues online are devoted to a single topic of unusual activity and significance. Accounts of Chemical Research replaces the traditional article abstract with an article "Conspectus." These entries synopsize the research affording the reader a closer look at the content and significance of an article. Through this provision of a more detailed description of the article contents, the Conspectus enhances the article's discoverability by search engines and the exposure for the research.