Resumen de Do work-life balance measures influence the performance of Spanish listed companies?
Faustino Manuel Calzón Menéndez, Maria Sacristán Navarro, Laura Cabeza García
Purpose: This paper analyses the effect on economic profitability of the adoption of work-life balancepractices. Design/methodology/approach: Based on a sample of Spanish listed companies during the period2015-2022, the aim was to contrast the effect of a work-life balance index on economic profitability.Findings: The regression analysis, clustered at firm level, shows a positive and significant effect of theindex on economic profitability, suggesting that companies’ practices to achieve a work-life balancecould be a source of competitive advantage increasing human capital.Originality/value: Firstly, investigating the consequences of work-life balance practices at companylevel rather than at individual level, and secondly, running a longitudinal study as opposed tocross-sectional studies, which are more frequent in the literature. Thirdly, adding evidence from acontinental European country, Spain, as opposed to previous studies carried out mainly in Anglo-Saxoncountries as well as considering the work-life balances currently used by listed firms in the Spanishmarket. Finally, this relationship is analysed over a time-period that considers a health crisis such asCOVID-19, which had a major impact on business and labour dynamics.
