RA Conversations: The History of the Cross-Section of Stock Returns

March 2019
RA Conversations: Surprise! High Employee Satisfaction = More Positive Earnings Surprises
by Alex Edmans, Feifei Li

ESG and SRI strategies filter companies on metrics that often measure intangibles. Alex Edmans finds that employee satisfaction does correlate with corporate outcomes, but the market is not yet adequately valuing this intangible.

Recorded March 13, 2019

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CONVERSATION BASED ON:

Does the Stock Market Fully Value Intangibles? Employee Satisfaction and Equity Prices

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