Share price reactions to work-family initiatives: An institutional perspective

• 成果类型: Article
• 署名作者: Arthur, MM
• 署名单位: University of New Mexico
• 刊物名称: ACADEMY OF MANAGEMENT JOURNAL
• ISSN/ISSBN: 0001-4273
• DOI: 10.5465/30040641
• 发表日期: 2003
• 页码: 497-505
• 关键词: RESPONSIVENESS; ORGANIZATIONS; management

摘要

This study of 130 announcements in the Wall Street journal illustrated a significant, positive relationship between work-family human resource initiatives and share price. Institutional theory provided the theoretical underpinning for such a relationship. Share price reactions occurring both before and after legitimation of a program were examined. As hypothesized, the work-family initiative and shareholder return relationship was higher in high-tech industries and, to a lesser extent, in industries with higher proportions of female employees. Implications of the results are discussed and suggestions for future research presented.