Return-to-Office Mandates

42 Pages Posted: 18 Jan 2024 Last revised: 26 Jan 2024

See all articles by Yuye Ding

Yuye Ding

University of Pittsburgh - Katz Graduate School of Business

Mark (Shuai) Ma

University of Pittsburgh - Katz Graduate School of Business

Date Written: December 25, 2023

Abstract

Using a sample of Standard and Poor’s 500 firms, we examine determinants and consequences of U.S. firms’ return-to-office (RTO) mandates. Results of our determinant analyses are consistent with managers using RTO mandates to reassert control over employees and blame employees as a scapegoat for bad firm performance. Also, our findings do not support the argument that managers impose mandate because they believe RTO increases firm values. Further, our difference in differences tests report significant declines in employees’ job satisfactions mandates but no significant changes in financial performance or firm values after RTO mandates. In summary, our research contributes to the ongoing debate over RTO versus working from home and has important implications for practitioners.

Keywords: Employee Satisfaction, Firm Performance, Return to Office, Work from Home, and Work-Life Balance.

Suggested Citation

Ding, Yuye and Ma, Mark (Shuai), Return-to-Office Mandates (December 25, 2023). Available at SSRN: https://ssrn.com/abstract=4675401 or http://dx.doi.org/10.2139/ssrn.4675401

Yuye Ding

University of Pittsburgh - Katz Graduate School of Business ( email )

Pittsburgh, PA 15260
United States
5742985996 (Phone)

Mark (Shuai) Ma (Contact Author)

University of Pittsburgh - Katz Graduate School of Business ( email )

Pittsburgh, PA 15260
United States

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