Choi Yun Hyeong, Park Hee Jin, Choi Seong-Jin
School of Business, Hanyang University, Seoul, South Korea.
Accounting/Tax and Management Information Systems, Kyonggi University, Suwon, South Korea.
Front Psychol. 2018 Dec 4;9:2333. doi: 10.3389/fpsyg.2018.02333. eCollection 2018.
The activities and consequences of workplace bullying and harassment have been widely explored in the literature but mainly studied within the scope of individuals or at the team level. Taking a holistic approach, we associate the concept of bullying with firm-level performance as well as stakeholders' responses in the market. In this paper, we examine whether and how market investors react to the news of corporate harassment by top officials of publicly listed firms in Korea. Using a standard event study methodology and multiple regression analysis with matched sample, we find significantly negative stock price reactions to news of corporate bullying. We also find that the impact is more salient if emotional bullying is involved and discuss both the theoretical and practical implications of these findings.
职场霸凌和骚扰的行为及后果在文献中已有广泛探讨，但主要是在个人层面或团队层面进行研究。我们采用整体视角，将霸凌概念与公司层面的绩效以及市场中利益相关者的反应联系起来。在本文中，我们研究了韩国上市公司高管的公司骚扰新闻是否以及如何影响市场投资者。通过使用标准事件研究方法和匹配样本的多元回归分析，我们发现公司霸凌新闻会引发显著的负面股价反应。我们还发现，如果涉及情感霸凌，这种影响会更加明显，并讨论了这些发现的理论和实际意义。
