Financial and Non-financial Value through the Employment of Persons with Disabilities

Abstract

This study examines three hypotheses regarding the impact of disability employment on a company’s financial and non-financial value. The results did not indicate that companies with a higher disability employment rate have a positive impact on Tobin’s q （used as financial data） or new graduate turnover rate after three years （used as non-financial data）. However, companies with a higher disability employment rate also have a higher proportion of female managers and male parental leave takers （used as non-financial data）. Thus, disability employment may have some impact on a company’s non-financial value, particularly on its corporate culture of workplace diversity. Disability employment may have the potential to go beyond achieving the mandatory proportion of workers with disability as legal compliance.