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Do Employee-Friendly Firms Invest More Efficiently? Evidence from Labor Investment Efficiency
Cao, Zhangfan - 2020
We investigate the impact of employee treatment on labor investment efficiency. We provide evidence that employee-friendly treatment is significantly associated with lower deviations of labor investment from the level justified by economic fundamentals, i.e., higher labor investment efficiency....
Persistent link: https://www.econbiz.de/10012852924
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No place like home : do local CEOs invest in labor more efficiently?
Tong, Yan; Tian, Yuan; Cao, Zhangfan - In: Corporate governance : an international review 32 (2024) 3, pp. 522-548
Persistent link: https://www.econbiz.de/10014533703
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Do employee-friendly firms invest more efficiently? : evidence from labor investment efficiency
Cao, Zhangfan; Rees, William - In: The journal of corporate finance : contracting, … 65 (2020), pp. 1-27
Persistent link: https://www.econbiz.de/10012423609