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Chapter One examines the impact of a chief executive officer (CEO) winning an employee opinion award on firm value. Leveraging close employee vote shares in a regression discontinuity specification from Glassdoor's "Top CEOs Employees' Choice" award list suggest a causal link of the relationship. Narrowly winning an employees' choice CEO award results in an increase in firm value. An increase in firm efficiency is the likely economic channel that influences an increase in firm value. The findings imply that CEO and employee relationships are an important intangible good. Chapter Two uses a difference-in-differences model around Equal Employment Opportunity Commission (EEOC) discrimination announcements and Glassdoor.com employee reviews to suggest a negative causal link between discrimination publicity and employee morale. An EEOC discrimination announcement results in a 9.08% and 3.90% decrease for employee approval of a CEO and firm, respectively. The effect clusters in firms headquartered in the southern U.S. and that are in service orientated industries suggesting taste-based discrimination. These announcements do not impact stock returns, sales, or CEO turnover but lead to human capital risk, workforce reductions, and decreases in Tobin's Q implying a discrimination, instead of litigation, effect.
