Happiness and Wealth: Satisfaction, well-being, and ROA Relationship

Abstract

We investigated happiness at work reflected in the indexes presented by the 100 best companies to work for in the United States, as well as its impact on Return on Assets (ROA). Indicators used by Glassdoor were collected, as well as financial data from the Eikon. We performed a confirmatory factor analysis (CFA) to obtain the Happiness at Work General Index. The results were applied to regression to understand the relationship between the index and the ROA. Happiness at Work General Index and ROA are positively related, providing evidence that happiness at work positively impacts the operational performance of companies.