Does Lesbian and Gay Friendliness Pay Off? A New Look at LGBT Policies and Firm Performance

dc.contributorAalto-yliopistofi
dc.contributorAalto Universityen
dc.contributor.authorFatmy, Vedaen_US
dc.contributor.authorKihn, Johnen_US
dc.contributor.authorSihvonen, Jukkaen_US
dc.contributor.authorVähämaa, Samien_US
dc.contributor.departmentDepartment of Accountingen
dc.contributor.organizationUniversity of Vaasaen_US
dc.date.accessioned2021-04-07T06:31:46Z
dc.date.available2021-04-07T06:31:46Z
dc.date.issued2022-03en_US
dc.description.abstractThis paper examines the association between LGBT‐friendly corporate policies and firm performance. Using data on US firms from 2003 to 2016, we document that LGBT friendliness is positively associated with firm performance. Specifically, we find strong evidence that more LGBT‐friendly firms have higher profitability and higher stock market valuations. Our results further demonstrate that the positive effect of progressive LGBT policies on firm performance is more pronounced for firms located in more liberal states. Overall, our empirical findings provide support for the view that socially progressive corporate policies and diversity management may create value for the firm.en
dc.description.versionPeer revieweden
dc.format.mimetypeapplication/pdfen_US
dc.identifier.citationFatmy, V, Kihn, J, Sihvonen, J & Vähämaa, S 2022, ' Does Lesbian and Gay Friendliness Pay Off? A New Look at LGBT Policies and Firm Performance ', Accounting and Finance, vol. 62, no. 1, pp. 213-242 . https://doi.org/10.1111/acfi.12787en
dc.identifier.doi10.1111/acfi.12787en_US
dc.identifier.issn0810-5391
dc.identifier.issn1467-629X
dc.identifier.otherPURE UUID: d2ddeeeb-6091-4b8e-bfcc-6e0a6501d923en_US
dc.identifier.otherPURE ITEMURL: https://research.aalto.fi/en/publications/d2ddeeeb-6091-4b8e-bfcc-6e0a6501d923en_US
dc.identifier.otherPURE LINK: http://www.scopus.com/inward/record.url?scp=85103417295&partnerID=8YFLogxKen_US
dc.identifier.otherPURE FILEURL: https://research.aalto.fi/files/80374319/Does_lesbian_and_gay_friendliness_pay_off_A_new_look_at_LGBT_policies_and_firm_performance.pdfen_US
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/103536
dc.identifier.urnURN:NBN:fi:aalto-202104072805
dc.language.isoenen
dc.publisherWILEY-BLACKWELL
dc.relation.ispartofseriesACCOUNTING AND FINANCEen
dc.rightsopenAccessen
dc.subject.keywordLGBT policiesen_US
dc.subject.keywordFirm performanceen_US
dc.subject.keywordSexual minoritiesen_US
dc.subject.keywordEmployee policiesen_US
dc.titleDoes Lesbian and Gay Friendliness Pay Off? A New Look at LGBT Policies and Firm Performanceen
dc.typeA1 Alkuperäisartikkeli tieteellisessä aikakauslehdessäfi
dc.type.versionpublishedVersion
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