Does corporate sexual orientation equality affect labor investment efficiency?

Hasibul Chowdhury, Ashrafee Hossain, Abdullah-Al Masum and Jiayi Zheng

Global Finance Journal, 2023, vol. 55, issue C

Abstract: We investigate the effect of corporate sexual orientation equality (CSOE) on labor investment efficiency (LIE). We find strong evidence that this effect is negative. The relationship intensifies for firms with weaker monitoring and those requiring more highly skilled labor, and is incremental to the effects of corporate social responsibility (CSR) performance. This study adds to an emerging literature on corporate sexual orientation equality and to the literature on labor economics, as it establishes corporate sexual orientation equality as a determinant of labor investment efficiency.

Keywords: Corporate sexual orientation equality; Labor investment efficiency; Labor economics; LGBT rights (search for similar items in EconPapers)
JEL-codes: G30 J30 M51 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:glofin:v:55:y:2023:i:c:s1044028322000497

DOI: 10.1016/j.gfj.2022.100747

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