LGBTQ-friendly employee policies and corporate innovation

IF 7.5 1区经济学 Q1 BUSINESS, FINANCE

International Review of Financial Analysis Pub Date : 2025-06-16 DOI:10.1016/j.irfa.2025.104414

Veda Fatmy, Jukka Sihvonen, Sami Vähämaa

引用次数: 0

Abstract

This paper examines the association between LGBTQ-friendly employee policies and corporate innovation. Using data on large U.S. firms, we document that LGBTQ friendliness has a positive influence on innovation intensity and quality. Specifically, our results demonstrate that LGBTQ-friendly firms produce more patents, have more patent citations, and are associated with higher innovation quality as measured by patent originality, generality, and internationality. Furthermore, our empirical findings indicate that LGBTQ friendliness is positively associated with the firm-level concentration of innovative talent. Overall, our results are consistent with the view that diversity management policies may lead to competitive advantages for the firm.

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对lgbtq友好的员工政策和企业创新

本文研究了对lgbtq友好型员工政策与企业创新之间的关系。利用美国大型企业的数据，我们发现LGBTQ友好度对创新强度和质量有积极影响。具体而言，我们的研究结果表明，lgbtq友好型企业产生了更多的专利，拥有更多的专利引用，并且通过专利原创性、一般性和国际性来衡量其创新质量。此外，我们的实证结果表明，LGBTQ友好度与企业层面的创新人才集中度呈正相关。总体而言，我们的结果与多元化管理政策可能为公司带来竞争优势的观点是一致的。

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

International Review of Financial Analysis BUSINESS, FINANCE-

CiteScore

10.30

自引率

9.80%

发文量

366

期刊介绍： The International Review of Financial Analysis (IRFA) is an impartial refereed journal designed to serve as a platform for high-quality financial research. It welcomes a diverse range of financial research topics and maintains an unbiased selection process. While not limited to U.S.-centric subjects, IRFA, as its title suggests, is open to valuable research contributions from around the world.