Wednesday, June 10, 2015

Link between happiness and investment

I read an HBR research that discovered an interesting link between the happiness and long term investment tendency of a firm. While it sounds intuitive (as most of the research results) I would be interested in it's application - should a city (company) invest more to become happier or should it first work on being happy to attract more investment. 

"Companies located in places with happier people invest more, according to a recent paper by Tuugi Chuluun of Loyola University Maryland and Carol Graham of Brookings. In particular, firms in happy places spend more on R&D. That’s because happiness, they argue, is linked to the kind of longer term thinking necessary for making investments for the future."

https://hbr.org/2015/06/companies-in-happy-cities-invest-more-for-the-long-term

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