06/10/2015 08:39 am ET Updated Jun 10, 2015

Companies In Happy Cities Invest More For The Long Term

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Happy people work differently. They’re more productive, more creative, and willing to take greater risks. And new research suggests that happiness might influence how firms work, too.

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.

Read more on Harvard Business Review