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Schopohl, L. 
ORCID: https://orcid.org/0000-0002-2150-3593, Urquhart, A. ORCID: https://orcid.org/0000-0001-8834-4243 and Zhang, H.
(2024)
Labor investment inefficiency and LGBTQ+-friendliness.
International Review of Financial Analysis, 95 (B).
103469.
ISSN 1873-8079
doi: 10.1016/j.irfa.2024.103469
Abstract/Summary
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.
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| Item Type | Article |
| URI | https://reading-clone.eprints-hosting.org/id/eprint/117508 |
| Item Type | Article |
| Refereed | Yes |
| Divisions | Henley Business School > Finance and Accounting |
| Publisher | Elsevier |
| Download/View statistics | View download statistics for this item |
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