Labor investment inefficiency and LGBTQ+-friendliness

Lisa Schopohl, Andrew Urquhart and Hanxiong Zhang ()

International Review of Financial Analysis, 2024, vol. 95, issue PB

Abstract: We study the effect of firms' LGBTQ+ friendliness on their labor investment efficiency and find that an improvement in firms' LGBTQ+ friendliness leads to greater labor investment inefficiencies, and that more LGBTQ+ friendly firms tend to underinvest in labor. However, we show that this relationship diminishes over time as societal and legal support for LGBTQ+ equal rights increases. A variety of firm and societal characteristics moderate the negative link between corporate LGBTQ+ friendliness and labor investment efficiency.

Keywords: LGBTQ+-friendliness; Labor investment efficiency; Diversity (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1057521924004010
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:finana:v:95:y:2024:i:pb:s1057521924004010

DOI: 10.1016/j.irfa.2024.103469

Access Statistics for this article

International Review of Financial Analysis is currently edited by B.M. Lucey

More articles in International Review of Financial Analysis from Elsevier
Bibliographic data for series maintained by Catherine Liu ().