Does lesbian and gay friendliness pay off? A new look at LGBT policies and firm performance
| العنوان: | Does lesbian and gay friendliness pay off? A new look at LGBT policies and firm performance |
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| المؤلفون: | Veda Fatmy, Sami Vähämaa, Jukka Sihvonen, John Kihn |
| المساهمون: | University of Vaasa, Department of Accounting, Aalto-yliopisto, Aalto University |
| المصدر: | Accounting & Finance. 62:213-242 |
| بيانات النشر: | Wiley, 2021. |
| سنة النشر: | 2021 |
| مصطلحات موضوعية: | History, 050208 finance, Polymers and Plastics, Public economics, LGBT policies, 05 social sciences, Economics, Econometrics and Finance (miscellaneous), Firm performance, Industrial and Manufacturing Engineering, Diversity management, Sexual minorities, Accounting, 0502 economics and business, Value (economics), Stock market, Profitability index, Business, Business and International Management, Lesbian, Employee policies, 050203 business & management, Finance |
| الوصف: | This paper examines the association between LGBT-friendly corporate policies and firm performance. Using data on U.S. firms from 2003 to 2016, we document that LGBT friendliness is positively associated with firm performance. Specifically, we find strong evidence that more LGBT-friendly firms have higher profitability and higher stock market valuations. Our results further demonstrate that the positive effect of progressive LGBT policies on firm performance is more pronounced for firms located in more liberal states while being weaker or non-existent for firms located in more conservative states. Overall, our empirical findings provide support for the view that socially progressive corporate policies and diversity management may create value for the firm. |
| وصف الملف: | application/pdf |
| تدمد: | 1467-629X 0810-5391 |
| DOI: | 10.1111/acfi.12787 |
| URL الوصول: | https://explore.openaire.eu/search/publication?articleId=doi_dedup___::53b9f5cc46e36dfead2cb34330029cc1 https://doi.org/10.1111/acfi.12787 |
| Rights: | OPEN |
| رقم الانضمام: | edsair.doi.dedup.....53b9f5cc46e36dfead2cb34330029cc1 |
| قاعدة البيانات: | OpenAIRE |
| تدمد: | 1467629X 08105391 |
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| DOI: | 10.1111/acfi.12787 |