CEO gender and employee relations: Evidence from labor lawsuits

Chelsea Liu

Journal of Banking & Finance, 2021, vol. 128, issue C

Abstract: This study investigates the relationship between the gender of chief executive officers (CEOs) and firms’ employee relations, as proxied by labor lawsuits. Drawing on gender socialization, upper echelons, and stakeholder theories, this study hypothesizes that firms with female CEOs have superior employee relations. Using a hand-collected sample of 11,970 labor lawsuits filed against Standard & Poor's 1500 firms from 2001–2014, the empirical results show that firms led by female CEOs experience fewer labor lawsuits. The findings are robust to a series of additional analyses to alleviate endogeneity concerns. The evidence from this study provides novel insights into the role of female corporate leaders in the context of employee relations.

Keywords: Female CEOs; Labor lawsuits; Corporate litigation; Employee relations (search for similar items in EconPapers)
JEL-codes: E24 K31 M14 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0378426621000947
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:jbfina:v:128:y:2021:i:c:s0378426621000947

DOI: 10.1016/j.jbankfin.2021.106136

Access Statistics for this article

Journal of Banking & Finance is currently edited by Ike Mathur

More articles in Journal of Banking & Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().