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Are Employees Better Off in Socially Responsible Firms?

Author

Listed:
  • Tamm, Katrin

    (University of Tartu)

  • Eamets, Raul

    (University of Tartu)

  • Mõtsmees, Pille

    (University of Tartu)

Abstract

The growing awareness of the issue of corporate social responsibility (CSR) has raised the questions about how responsible behavior of firms would impact employees’ well-being. This paper investigates the link between corporate social responsibility and job satisfaction, which is a more widely recognized measure to assess well-being at work. Based on the survey of 3637 employees in Estonia, Latvia and Lithuania, measures of internal and external social responsibility are found to be positively associated with job satisfaction. Findings of the study indicate that employees’ assessments on various aspects of their job are noticeably higher in firms that are perceived as more engaged in CSR activities both towards their internal and external stakeholders. A further outcome of the study emphasizes the negative link between firm size and corporate social responsibility thus reflecting that smaller firms tend to show higher assessments regarding CSR. Similar relationships are also found between firm size and job satisfaction.

Suggested Citation

  • Tamm, Katrin & Eamets, Raul & Mõtsmees, Pille, 2010. "Are Employees Better Off in Socially Responsible Firms?," IZA Discussion Papers 5407, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izadps:dp5407
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    References listed on IDEAS

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    1. Sousa-Poza, Alfonso & Sousa-Poza, Andres A., 2000. "Well-being at work: a cross-national analysis of the levels and determinants of job satisfaction," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 29(6), pages 517-538, November.
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    Cited by:

    1. repec:ers:journl:v:xxiv:y:2021:i:2b:p:783-799 is not listed on IDEAS
    2. Solferino, Nazaria & Solferino, Viviana, 2016. "The Corporate Social Responsibility is just a twist in a Möbius strip," Economics Discussion Papers 2016-12, Kiel Institute for the World Economy (IfW Kiel).
    3. Solferino, Nazaria & Solferino, Viviana, 2016. "The corporate social responsibility is just a twist in a Möbius strip," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 10, pages 1-24.
    4. Peter Huber & Eva Abramuszkinová Pavlíková & Marcela Basovníková, 2017. "The Impact of CSR Certification on Firm Profitability, Wages and Sales," WIFO Working Papers 535, WIFO.
    5. Lopez Arceiz, Francisco & Solferino, Nazaria & Solferino, Viviana & Tortia, Ermanno C., 2016. "Corporate social responsibility is just a twist in a Möbius Strip: An empirical test on Italian cooperatives," MPRA Paper 74776, University Library of Munich, Germany.

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    Keywords

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    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects

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