Labor investment inefficiency and LGBTQ+-friendliness
Research output: Contribution to journal › Article › peer-review
Electronic versions
Documents
DOI
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.
| Original language | English |
|---|---|
| Article number | 103469 |
| Journal | International Review of Financial Analysis |
| Volume | 95 |
| Issue number | Part B |
| Early online date | 23 Jul 2024 |
| DOIs | |
| Publication status | Published - Oct 2024 |