EconPapers    
Economics at your fingertips  
 

Social injustice and corporate innovation

Aslihan Gizem Korkmaz and Erdem Ucar

The Quarterly Review of Economics and Finance, 2025, vol. 101, issue C

Abstract: We investigate the role of local social injustice, measured by racial prejudice and sexism, in corporate innovation. In a sample of U.S. firms, we find that local racial prejudice and sexism negatively affect corporate innovation. The results remain robust after the inclusion of other unobserved local factors. Furthermore, we find that the firms located in states with higher sexism levels continue to have lower corporate innovation outputs in the leading two and three years. The empirical findings imply that social injustice does not only have a social cost but also has economic consequences for firms.

Keywords: Social Injustice; Racial prejudice; Sexism; Corporate innovation (search for similar items in EconPapers)
JEL-codes: G30 M14 O30 (search for similar items in EconPapers)
Date: 2025
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1062976925000225
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:quaeco:v:101:y:2025:i:c:s1062976925000225

DOI: 10.1016/j.qref.2025.101981

Access Statistics for this article

The Quarterly Review of Economics and Finance is currently edited by R. J. Arnould and J. E. Finnerty

More articles in The Quarterly Review of Economics and Finance from Elsevier
Bibliographic data for series maintained by Catherine Liu ().

 
Page updated 2025-07-20
Handle: RePEc:eee:quaeco:v:101:y:2025:i:c:s1062976925000225