Employee satisfaction, labor market flexibility, and stock returns around the world

Abstract

employee satisfaction, labor market flexibility, and stock returns around the world finance working paper n° 433/2014 september 2023 alex edmans london business school, cepr and ecgi darcy pu london business school chendi zhang university of exeter lucius li shanghai boli education technology ltd © alex edmans, darcy pu, chendi zhang and lucius li 2023. all rights reserved. short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. this paper can be downloaded without charge from: ssrn.com/abstract_id=2461003 www.ecgi.global/content/working-papers ecgi working paper series in finance employee satisfaction, labor market flexibility, and stock returns around the world working paper n° 433/2014 september 2023 alex edmans darcy pu chendi zhang lucius li we thank the editor (will cong), an associate editor, two anonymous referees, sumit agarwal, svetlana bryzgalova, seong byun, dan cable, francesco d’acunto, paul edwards, clifton green, moqi groen-xu, norbert häring, ioannis ioannou, frank weikai li, hao liang, dong lou, jong min oh, andrew oswald, marco pagano, michael parke, madan pillutla, elena simintzi, jan starmans, anh tran, vikrant vig, paolo volpin, bin wang, jianrong wang and tracy wang, and conference/seminar participants at afa, abfer, beijing normal university, birmingham, chile, cicf, central south university, central university of finance and economics, efma, …

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