Variables

Fair Employee Treatment Firms

Low Employee Treatment Firms

P-Value Two Tail T-Test.

P/B

4.5383

6.1965

0.2581

P/E

34.465

49.9465

0.0007***

Size of the Firm

5.9023

5.7798

0.3322

Employee Compensation/Total Assets

0.0238

0.0634

0.0006***

Employee Compensation/Sales

0.04248

0.1188

0.0029***

Total Employee Welfare Plan/Sales

0.04613

0.12785

0.0053***

ESOPs

209.5416

139.975

0.5552

R&D/Sales

0.001089

0.002716

0.1729

SGA/SALEs

0.04081

0.6785

0.2602

CSR/Sales

0.00210

0.09474

0.1740

Cash Flows

−3485.575

12,254.1295

0.0275**

Total Debt/Total Assets

0.2563

0.0893

0.0229**

D/P Ratio

26.3991

27.9481

0.9316

ROCE

8.2975

13.6614

0.0916*

Net Profit Margin

12.9641

12.47568

0.8523