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dc.contributor.authorRind, A.A.
dc.contributor.authorAkbar, Saeed
dc.contributor.authorBoubaker, S.
dc.contributor.authorLajili-Jarjir, S.
dc.contributor.authorMollah, S.
dc.date.accessioned2021-05-20T20:25:22Z
dc.date.accessioned2021-06-07T09:44:06Z
dc.date.available2021-05-20T20:25:22Z
dc.date.available2021-06-07T09:44:06Z
dc.date.issued2021
dc.identifier.citationRind AA, Akbar S, Boubaker S et al (2021) The role of peer effects in corporate employee welfare policies. British Journal of Management. Accepted for Publication.en_US
dc.identifier.urihttp://hdl.handle.net/10454/18505
dc.descriptionYesen_US
dc.description.abstractThis paper investigates the role of peer effects in the employee welfare policies of organizations. Using US panel data for a sample of 11,451 firm-year observations from 1996 to 2017, we find that firms’ employee welfare decisions are driven by their peers and show that peer firms play a significant role in defining corporate employee welfare policies. Our findings are robust to various sensitivity checks, including alternative definitions of employee welfare, alternative peer proxies, and several identification strategies. Our additional analysis shows that herding behavior is prevalent in followers, who mimic leaders' behavior, but we do not find any such relationship for industry leaders. Further, we show the evidence suggesting that mimetic and normative isomorphic pressures are driving the peer effects. Finally, we document the economic consequence of peer mimicking in employee welfare policies. Our findings on firms’ peer effects and herding behavior have policy implications.en_US
dc.language.isoenen_US
dc.publisherWiley
dc.relation.isreferencedbyhttps://doi.org/10.1111/1467-8551.12513en_US
dc.rights© 2021 The Authors. British Journal of Management published by John Wiley & Sons Ltd on behalf of British Academy of Management. This is an open access article under the terms of the Creative Commons Attribution License (https://creativecommons.org/licenses/by/4.0/), which permits use, distribution and reproduction in any medium, provided the original work is properly cited.en_US
dc.subjectPeer effectsen_US
dc.subjectNonwage labor costs and benefitsen_US
dc.subjectEmployee welfareen_US
dc.subjectEmployee well-beingen_US
dc.subjectBehavioral financeen_US
dc.titleThe role of peer effects in corporate employee welfare policiesen_US
dc.status.refereedYesen_US
dc.date.Accepted2021-03-08
dc.date.application2021-05-19
dc.typeArticleen_US
dc.type.versionPublished versionen_US
dc.date.updated2021-05-20T19:25:29Z
refterms.dateFOA2021-06-07T09:44:36Z
dc.openaccess.statusGolden_US


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