Mother-Friendly Companies, Work-Life Balance, and Emotional Well-Being: Is there a Relationship to Financial Performance and Risk Level?

International Journal of Work Organisation and Emotion, 2018, 9(4), 303-321

32 Pages Posted: 3 Oct 2019

See all articles by Janell L. Blazovich

Janell L. Blazovich

University of St. Thomas

Katherine Taken Smith

Texas A&M University-Corpus Christi-College of Business

Murphy Smith

Texas A&M University-Corpus Christi-Department of Accounting

Date Written: September 24, 2019

Abstract

Research in philosophy, sociology, history, and business indicates that the family is the key building block of a nation or culture. In families, parents often struggle with time allocation between their jobs and family life. The pursuit of career and wealth can easily become over-prioritized to the detriment of family. Even in ancient times, this was a problem, as indicated by the wise king Solomon, who warned: “Those who love money will never have enough.” In recent decades, the proportion of women in the labor force has greatly increased. Being mother-friendly may be ethically right and socially desirable, but what is the financial impact on companies with human resource policies that facilitate the mother role of female employees? Findings of this study provide support that mother-friendly firms experience better financial performance; specifically, higher market value of equity. This is a notable finding, suggesting that the capital markets value firms with ‘mother friendly’ attributes. This affirms prior research that shows enhancing work-life balance, which facilitates emotional well-being, is associated with improved job performance, which in turn is associated with better company financial performance.

Keywords: CSR, Family Friendly, Flexible Working, Work-Life Balance, Job Satisfaction, Human Resource Development

JEL Classification: I31, M12, M40

Suggested Citation

Blazovich, Janell L. and Smith, Katherine Taken and Smith, Murphy, Mother-Friendly Companies, Work-Life Balance, and Emotional Well-Being: Is there a Relationship to Financial Performance and Risk Level? (September 24, 2019). International Journal of Work Organisation and Emotion, 2018, 9(4), 303-321. Available at SSRN: https://ssrn.com/abstract=3458987

Janell L. Blazovich

University of St. Thomas ( email )

2115 Summit Avenue
AQU217
St. Paul, MN 55105
United States

Katherine Taken Smith

Texas A&M University-Corpus Christi-College of Business ( email )

6300 Ocean Drive
Corpus Christi, TX 78412
United States

Murphy Smith (Contact Author)

Texas A&M University-Corpus Christi-Department of Accounting ( email )

6300 Ocean Dr
Corpus Christi, TX 78412
United States

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