Feminist Firms

Benjamin Bennett, Isil Erel, Lea Stern and Zexi Wang
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Benjamin Bennett: Tulane University - A.B. Freeman School of Business
Isil Erel: Ohio State University (OSU) - Department of Finance
Lea Stern: University of Washington - Michael G. Foster School of Business
Zexi Wang: Lancaster University

Working Paper Series from Ohio State University, Charles A. Dice Center for Research in Financial Economics

Abstract: We examine whether reducing frictions in the labor market affects the performance of private and public firms. Using the staggered adoption of state-level Paid Family Leave acts, we provide causal evidence on the value created by relieving frictions to female talent allocation. The magnitude of firms' improved performance is correlated with their exposure to the laws. We document that reduced turnover, increased productivity, and female leadership are important mechanisms leading to the observed performance gains.

JEL-codes: J16 J22 J24 J32 J78 M14 M51 (search for similar items in EconPapers)
Date: 2019-11
New Economics Papers: this item is included in nep-bec, nep-hrm, nep-lma and nep-ore
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Persistent link: https://EconPapers.repec.org/RePEc:ecl:ohidic:2019-29

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