Advanced Search
MyIDEAS: Login

Taking stock of work-family initiatives: How announcements of "family-friendly" human resource decisions affect shareholder value

Contents:

Author Info

  • Michelle M. Arthur
  • Alison Cook
Registered author(s):

    Abstract

    This study examines share price reactions to 231 work-family human resource policies adopted by Fortune 500 companies and announced in the Wall Street Journal between 1971 and 1996. Consistent with past research, the results suggest that firm announcements of work-family initiatives positively affected shareholder return. The authors also empirically test three hypotheses concerning how the timing of work-family initiatives influences shareholder reaction. They find that a pioneering company announcing the first-ever implementation of a work-family initiative was likely to realize a larger announcement-day share price increase than did later adopters of the same initiative; the first work-family announcement released by a firm influenced announcement-day share price more than did successive work-family announcements by the same firm; and share price reactions to work-family human resource decisions were not importantly affected by whether those decisions followed a gender discrimination suit. (Author's abstract.) (Free full-text download available at http://digitalcommons.ilr.cornell.edu/ilrreview/.)

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://digitalcommons.ilr.cornell.edu/ilrreview/vol57/iss4/6
    Download Restriction: At http://digitalcommons.ilr.cornell.edu/ilrreview/, all visitors can get free full text downloads of articles published between April 2003 and 18 months prior to today's date. A subscription is required for full-text downloads of more recent articles. Researchers can find older issues of the Review at http://www.jstore.org.

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Bibliographic Info

    Article provided by ILR Review, Cornell University, ILR School in its journal ILR Review.

    Volume (Year): 57 (2004)
    Issue (Month): 4 (July)
    Pages: 599-613

    as in new window
    Handle: RePEc:ilr:articl:v:57:y:2004:i:4:p:599-613

    Contact details of provider:
    Fax: 607-255-8016
    Web page: http://www.ilr.cornell.edu/ilrreview/
    More information through EDIRC

    Order Information:
    Postal: 381 Ives East, Cornell University, Ithaca, NY 14853-3901
    Email:
    Web: http://digitalcommons.ilr.cornell.edu/ilrreview/

    Related research

    Keywords:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as in new window

    Cited by:
    1. Gregorio GuitiƔn, 2009. "Conciliating Work and Family: A Catholic Social Teaching Perspective," Journal of Business Ethics, Springer, vol. 88(3), pages 513-524, September.
    2. Antonopoulos, Rania, 2009. "The unpaid care work : paid work connection," ILO Working Papers 427404, International Labour Organization.
    3. Joyce P. Jacobsen, 2008. "Accommodating Families," Wesleyan Economics Working Papers 2008-004, Wesleyan University, Department of Economics.
    4. Fakih, Ali, 2014. "Availability of Family-Friendly Work Practices and Implicit Wage Costs: New Evidence from Canada," IZA Discussion Papers 8190, Institute for the Study of Labor (IZA).

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:ilr:articl:v:57:y:2004:i:4:p:599-613. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (ILR Review).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.