Employee-friendly practices and corporate financial performance: Evidence from a frontier market
This study investigates the association between employee-friendly schemes and firm financial performance using a frontier market, Vietnam, as a research context. We employ Anphabe’s “Top 100 Vietnam Best Places to Work” lists to identify companies with ideal employee-friendly practices. Using a data...
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| Những tác giả chính: | , , , |
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| Format: | Journal article |
| Jezik: | English |
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Taylor & Francis
2022
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| Online dostop: | http://scholar.dlu.edu.vn/handle/123456789/1549 |
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| Thư viện lưu trữ: | Thư viện Trường Đại học Đà Lạt |
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| Izvleček: | This study investigates the association between employee-friendly schemes and firm financial performance using a frontier market, Vietnam, as a research context. We employ Anphabe’s “Top 100 Vietnam Best Places to Work” lists to identify companies with ideal employee-friendly practices. Using a data sample of more than 3,800 firm-year observations, we document a strong and positive relationship between employee welfare and firm performance measured by Tobin’s q. Our result is robust to a battery of sensitivity tests, including an alternative indicator of financial performance, alternative selection criteria, and different econometric techniques. |
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