Becker Mary, Cardazzi Alexander, McGurk Zachary
Department of Economics and Finance, Wehle School of Business, Canisius College, 2001 Main St., Buffalo, NY 14208, United States of America.
Department of Economics, John Chambers College of Business & Economics, West Virginia University, 1601 University Ave., PO Box 6025, Morgantown, WV 26506, United States of America.
J Behav Exp Finance. 2022 Mar;33:100603. doi: 10.1016/j.jbef.2021.100603. Epub 2021 Nov 10.
The COVID-19 Pandemic has had an unprecedented impact on how employees and employers operate. Employees, directly affected by workplace changes, may provide information regarding future efficiencies. As a result, crowdsourced employee satisfaction ( ) reviews mentioning the COVID-19 Pandemic may contain useful information regarding the future profitability of these firms. We utilize crowdsourced COVID-19 Pandemic specific obtained from Glassdoor.com to determine the impact on abnormal stock returns for public firms from March-December 2020. We find evidence that higher COVID-19 is related to higher abnormal stock returns. While non-COVID is found not to be related to abnormal stock returns.
新冠疫情对员工和雇主的运营方式产生了前所未有的影响。直接受到工作场所变化影响的员工可能会提供有关未来效率的信息。因此，提及新冠疫情的众包员工满意度（ ）评论可能包含有关这些公司未来盈利能力的有用信息。我们利用从Glassdoor.com获取的众包新冠疫情特定数据来确定其对2020年3月至12月上市公司异常股票回报的影响。我们发现有证据表明，较高的新冠疫情（ ）与较高的异常股票回报相关。而发现非新冠疫情（ ）与异常股票回报无关。
