Dean's Distinguished Speaker Series: Forrest Briscoe
As part of the Dean's Distinguished Speaker Series, Saunders College of Business is proud to host Professor Forrest Briscoe, Ph.D. on Friday, November 1, 2024, in the Gueldenpfennig Auditorium (1050), Max Lowenthal Hall.
Forrest Briscoe, Ph.D.
Professor
Cornell University | ILR School
View bio
Topic: To Greener pastures They Go? Employee Responses to Corporate Stakeholder Violations
Abstract: Employees are attracted to firms with socially responsible records, but are they willing to leave when their employer violates environmental or social norms? We theorize stakeholder violations as events that cause employees to revise how they see their employer such that they become more willing to leave their employer after stakeholder violations. We further suggest that an employer’s and industry’s record for social responsibility moderate this relationship, as both shape how employees process their employer’s stakeholder violations, and that employees leave primarily when stakeholder violations affect other types of stakeholders, rather than employees themselves. We test our ideas using eight years of data on employee departures in 736 of the largest U.S. public companies, constructed from detailed employee job history records. We find considerable support for our theory, showing that violations equivalent to 5% of annual revenues translate into a 5.1% increase in employee departures. In supplementary tests, we find employees who leave their employer after stakeholder violations tend to join firms with records of fewer stakeholder violations. This study expands the boundaries of corporate social responsibility for employees.
Event Snapshot
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This is an RIT Only Event
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No