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Labor investment inefficiency and LGBTQ+-friendliness

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Standard Standard

Labor investment inefficiency and LGBTQ+-friendliness. / Schopohl, Lisa ; Urquhart, Andrew; Zhang, Hanxiong.
In: International Review of Financial Analysis, Vol. 95, No. Part B, 103469, 10.2024.

Research output: Contribution to journal › Article › peer-review

HarvardHarvard

Schopohl, L, Urquhart, A & Zhang, H 2024, 'Labor investment inefficiency and LGBTQ+-friendliness', International Review of Financial Analysis, vol. 95, no. Part B, 103469. https://doi.org/10.1016/j.irfa.2024.103469

APA

Schopohl, L., Urquhart, A., & Zhang, H. (2024). Labor investment inefficiency and LGBTQ+-friendliness. International Review of Financial Analysis, 95(Part B), Article 103469. https://doi.org/10.1016/j.irfa.2024.103469

CBE

Schopohl L, Urquhart A, Zhang H. 2024. Labor investment inefficiency and LGBTQ+-friendliness. International Review of Financial Analysis. 95(Part B):Article 103469. https://doi.org/10.1016/j.irfa.2024.103469

MLA

Schopohl, Lisa , Andrew Urquhart, and Hanxiong Zhang. "Labor investment inefficiency and LGBTQ+-friendliness". International Review of Financial Analysis. 2024. 95(Part B). https://doi.org/10.1016/j.irfa.2024.103469

VancouverVancouver

Schopohl L, Urquhart A, Zhang H. Labor investment inefficiency and LGBTQ+-friendliness. International Review of Financial Analysis. 2024 Oct;95(Part B):103469. Epub 2024 Jul 23. doi: 10.1016/j.irfa.2024.103469

Author

Schopohl, Lisa ; Urquhart, Andrew ; Zhang, Hanxiong. / Labor investment inefficiency and LGBTQ+-friendliness. In: International Review of Financial Analysis. 2024 ; Vol. 95, No. Part B.

RIS

TY - JOUR

T1 - Labor investment inefficiency and LGBTQ+-friendliness

AU - Schopohl, Lisa

AU - Urquhart, Andrew

AU - Zhang, Hanxiong

PY - 2024/10

Y1 - 2024/10

N2 - 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.

AB - 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.

U2 - 10.1016/j.irfa.2024.103469

DO - 10.1016/j.irfa.2024.103469

M3 - Article

VL - 95

JO - International Review of Financial Analysis

JF - International Review of Financial Analysis

SN - 1057-5219

IS - Part B

M1 - 103469

ER -