I did a little experiment. I do believe great culture can drive great results. So I made a basket of companies listed in Glassdoor's Best Places to Work 2022 that are publicly traded for at least 5 years and compared the average returns to major indices:

Average return of these companies for the last 5Y was 116,98% vs $QQQ 96,48% and $SPY 51,29%

Here's the list: https://glassdoor.com/Award/Best-Places-to-Work-LST_KQ0,19.htm

The difference widens even more if I do the same thing with last 10Y returns:

Basket average: 459,77%

$QQQ: 345,13%

$SPY: 212,15%

No guarantees things will repeat in a linear way; however, I do believe this is a great dataset that confirms this thesis.