Cordial saludo, 

Este lunes 17 de diciembre  se llevará a cabo la Septuagésima Octava sesión del  Seminario Interno FEN donde se exponen trabajos en progreso de académicos y avances de tesis de estudiantes.

Datos de las presentación:

Título: Hiring and Shareholder Value: Evidence from Job Postings Announcements

Autores: Elizabeth Gutiérrez, Ben Lourie, Alex Nekrasov y Terry Shevlin.

Presenta: Elizabeth Gutiérrez

Abstract: Human capital is a key factor in value creation in the modern corporation; yet the disclosure on investment in human capital is scant. We propose that a company’s job postings (JPs) are disclosures made outside of the investor relations channel that contain forward-looking information about hiring new employees. We find a positive association between changes in the number of JPs and announcement returns. Changes in JPs are also positively related to future stock return performance and future changes in employee count, employee-related expenditures, and financial performance. The findings suggest that JP disclosures contain new information about hiring that investors consider as value increasing. Finally, we find that the market response to hiring news is influenced by firm economic conditions and information environment.

El seminario se llevará a cabo a las 13:00 horas en la sala T-1605 de la FEN, se solicita confirmar asistencia con Pamela Fuentes (pamfuent@fen.uchile.cl), a más tardar el día viernes 14 de diciembre hasta las 13:00 horas, ya que el seminario contempla almuerzo.

Saludos cordiales,
Dirección de Investigación FEN.