Employees' satisfaction as explanatory factor of business failure. An inter-sectorial analysis for Spain
2015; Materials and Energy Research Center; Issue: 5 Linguagem: Inglês
ISSN
1735-9244
AutoresMontserrat Lizano Manzaneque, Regino Ochovo Banegas, Alba Maria de la Cruz Priego,
Tópico(s)Employment and Welfare Studies
ResumoThe events in recent years have pushed many companies to extreme situations, testing their ability to adapt them to a changing and turbulent environment. Especially, if we consider the effect of firm death or of business activities on numerous socio-economic stakeholders. Based on the ideas of the Stakeholder Theory, and emphasizing social aspects related to employment, this paper verifies empirically the link between employee job and the rate of failure in an specific activity sector, understood as cessation of activity. Also, we analyze the capability of job satisfaction as a variable to predict a future business failure. For this purpose, we examine a sample of nine activity sectors from 2007 to 2010. The results show the importance of information on employee job as a useful tool for judging the risk of a future situation of cessation, so that it may be useful to researchers and managers. Keywords Job satisfaction, Business failure, Stakeholders theory. JEL codes M54, M49
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