The Stock Performance of C. Everett Koop Award Winners Compared With the Standard & Poor’s 500 Index

To explore the link between companies investing in the health and well-being programs of their employees and stock market performance. 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...

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Bibliographic Details
Published in:Journal of occupational and environmental medicine 2016-01, Vol.58 (1), p.9-15
Main Authors: Goetzel, Ron Z., Fabius, Raymond, Fabius, Dan, Roemer, Enid C., Thornton, Nicole, Kelly, Rebecca K., Pelletier, Kenneth R.
Format: Article
Language:English
Subjects:
Awards and Prizes
Comparative analysis
Economic Competition
Fast Track
Fast Track Article
Health Promotion - economics
Health Promotion - standards
Humans
Industry - economics
Industry - organization & administration
Industry - standards
Investments
Occupational Health - economics
Occupational Health - standards
Organizational Culture
Securities markets
Social Responsibility
Valuation
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Summary:To explore the link between companies investing in the health and well-being programs of their employees and stock market performance. 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. 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%. 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.
ISSN:1076-2752
1536-5948
DOI:10.1097/JOM.0000000000000632