Social injustice and corporate innovation

IF 2.9 3区经济学 Q1 ECONOMICS

Quarterly Review of Economics and Finance Pub Date : 2025-03-01 DOI:10.1016/j.qref.2025.101981

Aslihan Gizem Korkmaz , Erdem Ucar

引用次数: 0

Abstract

We investigate the role of local social injustice, measured by racial prejudice and sexism, in corporate innovation. In a sample of U.S. firms, we find that local racial prejudice and sexism negatively affect corporate innovation. The results remain robust after the inclusion of other unobserved local factors. Furthermore, we find that the firms located in states with higher sexism levels continue to have lower corporate innovation outputs in the leading two and three years. The empirical findings imply that social injustice does not only have a social cost but also has economic consequences for firms.

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社会不公与企业创新

我们以种族偏见和性别歧视来衡量当地社会不公在企业创新中的作用。在美国企业样本中，我们发现当地的种族偏见和性别歧视对企业创新产生了负面影响。在纳入其他未观察到的局部因素后，结果仍然稳健。此外，我们发现，位于性别歧视程度较高的州的企业在前两年和三年的企业创新产出继续较低。实证结果表明，社会不公不仅具有社会成本，而且还会对企业产生经济后果。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Quarterly Review of Economics and Finance ECONOMICS-

CiteScore

6.00

自引率

2.90%

发文量

118

期刊介绍： The Quarterly Review of Economics and Finance (QREF) attracts and publishes high quality manuscripts that cover topics in the areas of economics, financial economics and finance. The subject matter may be theoretical, empirical or policy related. Emphasis is placed on quality, originality, clear arguments, persuasive evidence, intelligent analysis and clear writing. At least one Special Issue is published per year. These issues have guest editors, are devoted to a single theme and the papers have well known authors. In addition we pride ourselves in being able to provide three to four article "Focus" sections in most of our issues.