Utilize este identificador para referenciar este registo:
https://hdl.handle.net/1822/39068
Título: | Great Places to Work®: Resilience in times of crisis |
Autor(es): | Carvalho, Ana Areal, Nelson |
Palavras-chave: | Employee relations Best employer awards Financial performance Financial crises Bull and bear markets |
Data: | 2016 |
Editora: | Wiley |
Revista: | Human Resource Management |
Citação: | Carvalho, A. and Areal, N. (2016), Great Places to Work®: Resilience in Times of Crisis. Hum. Resour. Manage.. doi: 10.1002/hrm.21676 |
Resumo(s): | We study the resilience of the 100 Best Companies to Work for in America in times of financial crises by analyzing their long-term financial performance. Apart from implementing methods that tackle the statistical problems of stock returns, we use a conditional model to measure financial performance in periods of market growth (bull markets) and market downturn (bear markets). We find that best places to work are indeed resilient in times of crisis since neither their financial performance nor their systematic risk are affected during bear markets: top companies continue to outperform the market during periods of crises, and the performance of lower-ranked great workplaces does not deteriorate. Moreover, we find that previous studies were overestimating performance, and only great workplaces on the top half of the rankings exhibit positive excessive returns. |
Tipo: | Artigo |
Descrição: | Pre-print version |
URI: | https://hdl.handle.net/1822/39068 |
DOI: | 10.1002/hrm.21676 |
ISSN: | 1099-050X |
Versão da editora: | http://onlinelibrary.wiley.com/doi/10.1002/hrm.21676/full |
Arbitragem científica: | yes |
Acesso: | Acesso restrito UMinho |
Aparece nas coleções: | EEG - Artigos em revistas de circulação internacional com arbitragem científica |
Ficheiros deste registo:
Ficheiro | Descrição | Tamanho | Formato | |
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Ana Carvalho_Human Resource Management.pdf Acesso restrito! | AC e NA_Human Resource Management 2015 | 2,45 MB | Adobe PDF | Ver/Abrir |