The Stock Performance of C. Everett Koop Award Winners Compared With the Standard & Poor's 500 Index
Year: 2015
Type: article
Abstract: OBJECTIVE: To explore the link between companies investing in the health and well-being programs of their employees and stock market performance. METHODS: Stock performance of C. Everett Koop National Health Award winners (n = 26) was measured over time and compared with the average performance of companies comprising the Standard and Poor's (S&P) 500 Index. RESULTS: The Koop Award portfolio outperformed the S&P 500 Index. In the 14-year period tracked (2000-2014), Koop Award winners' stock values appreciated by 325% compared with the market average appreciation of 105%. CONCLUSIONS: This study supports prior and ongoing research demonstrating a higher market valuation--an affirmation of business success by Wall Street investors--of socially responsible companies that invest in the health and well-being of their workers when compared with other publicly traded firms.
Authors: Ron Z. Goetzel, Raymond Fabius, Dan Fabius, Enid C. Roemer, Nicole Thornton, Rebecca K. Kelly, Kenneth R. Pelletier
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: hybrid
OpenAlex ID: W2389167693