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Genetic Diversity and Corporate Environmental Performance
CGN: Equity & Diversity (Topic) Pub Date : 2021-08-27 DOI: 10.2139/ssrn.3878951
Renatas Kizys, Emmanuel C Mamatzakis, Panagiotis Tzouvanas
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引用次数: 1
Stakeholder Engagement and Firms’ Innovation: Evidence from LGBT-Supportive Policies 利益相关者参与与企业创新:来自lgbt支持政策的证据
CGN: Equity & Diversity (Topic) Pub Date : 2021-05-11 DOI: 10.2139/ssrn.3844080
K. Kyaw, Sirimon Treepongkaruna, P. Jiraporn
{"title":"Stakeholder Engagement and Firms’ Innovation: Evidence from LGBT-Supportive Policies","authors":"K. Kyaw, Sirimon Treepongkaruna, P. Jiraporn","doi":"10.2139/ssrn.3844080","DOIUrl":"https://doi.org/10.2139/ssrn.3844080","url":null,"abstract":"There is a paucity of research on the effects corporate policies have on fostering innovative activities in firms, while research and development (R&D) investments offer a source of innovations in firms. Using governance data from Kinder, Lyndenberg, and Domini (KLD) Research and Analytics, Inc., R&D and financial data from Compustat, and market data from CRSP during the period from 1996 through 2011 this paper investigates whether Lesbian, Gay, Bisexual and Transgender (LGBT) -supportive corporate policies promote innovative activities in US firms. To the extent that LGBT–friendly policies allow inclusive working environments and therefore attract and retain talents, corporate can engage more in innovative activities. The findings show that firms with LGBT–supportive policies nurture employees’ commitment to the firms and engage more in innovative activities. Heckman selection model, propensity score matching (PSM) and difference-in-difference results all confirm the main findings from instrumental variable (IV) analyses.","PeriodicalId":169736,"journal":{"name":"CGN: Equity & Diversity (Topic)","volume":"13 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121055253","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
The Impact of Top Executive Gender on Asset Prices: Evidence from Stock Price Crash Risk 高管性别对资产价格的影响：股价暴跌风险的证据
CGN: Equity & Diversity (Topic) Pub Date : 2018-01-16 DOI: 10.2139/ssrn.3102873
Yiwei Li, Yeqin Zeng
{"title":"The Impact of Top Executive Gender on Asset Prices: Evidence from Stock Price Crash Risk","authors":"Yiwei Li, Yeqin Zeng","doi":"10.2139/ssrn.3102873","DOIUrl":"https://doi.org/10.2139/ssrn.3102873","url":null,"abstract":"We examine the implication of executive gender on asset prices. Using a large sample of US public firms during 2006–2015, we find a negative association between female CFOs and future stock price crash risk. However, the impact of female CEOs on crash risk is not statistically significant. The results support the notion that CFOs play a stronger role than CEOs in curbing bad news hoarding activities because CFOs' primary duties are financial reporting and planning. Our findings are robust to several econometric specifications controlling for potential endogeneity and to alternative measures of crash risk. At last, we show that the negative relation between female CFOs and future stock price crash risk is more pronounced among firms with weaker corporate governance, less market competition, lower analyst coverage, and higher financial leverage. Collectively, our evidence highlights the importance of CFO gender for firm financial decision making and stock return tail risk.","PeriodicalId":169736,"journal":{"name":"CGN: Equity & Diversity (Topic)","volume":"64 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-01-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130185450","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 94
Research Handbook of Investing in the Triple Bottom Line (Introduction) 投资三重底线研究手册(导论)
CGN: Equity & Diversity (Topic) Pub Date : 2017-12-13 DOI: 10.2139/ssrn.3087488
Sabri Boubaker, Douglas J. Cumming, D. K. Nguyen
{"title":"Research Handbook of Investing in the Triple Bottom Line (Introduction)","authors":"Sabri Boubaker, Douglas J. Cumming, D. K. Nguyen","doi":"10.2139/ssrn.3087488","DOIUrl":"https://doi.org/10.2139/ssrn.3087488","url":null,"abstract":"The Research Handbook of Investing in the Triple Bottom Line deals with the growing trends in sustainable finance and investing where social, environmental and financial measures are employed to evaluate the behavior of economic actors and institutions. Composed of 20 topical and high-quality chapters, the Handbook offers a special focus on, among others, impact investment, finance and sustainable development, socially responsible firms, the performance of sustainable firms, and financial instruments connected with sustainability issues. Overall, findings and reflections presented in these chapters are obviously indicative of an increasing awareness and application of the triple bottom line principle at various levels (firms, markets, and economies). It appears however that several challenges exist and range from misconduct behavior to regulatory framework and efficient financial innovations. We hope that market protagonists, and particularly investors, fund managers, firm executives and regulators, will find this Handbook useful for planning their actions and strategies.","PeriodicalId":169736,"journal":{"name":"CGN: Equity & Diversity (Topic)","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2017-12-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114442868","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Women in the Boardroom and Their Impact on Default Risk: A Pitch 董事会中的女性及其对违约风险的影响
CGN: Equity & Diversity (Topic) Pub Date : 2016-07-20 DOI: 10.2139/ssrn.2812403
Searat Ali
{"title":"Women in the Boardroom and Their Impact on Default Risk: A Pitch","authors":"Searat Ali","doi":"10.2139/ssrn.2812403","DOIUrl":"https://doi.org/10.2139/ssrn.2812403","url":null,"abstract":"Purpose \u0000 \u0000 \u0000 \u0000 \u0000The purpose of this pitch research letter (PRL) is to apply the pitching template developed by Faff (2015) to an academic project on boardroom gender diversity and default risk. \u0000 \u0000 \u0000 \u0000 \u0000Design/methodology/approach \u0000 \u0000 \u0000 \u0000 \u0000The pitching template helps the pitcher to identify the core elements that form the framework of the research project. The PRL encloses a brief background about the pitcher and pitch, followed by a brief commentary on the pitch and personal reflections of the pitcher on the pitch exercise itself. \u0000 \u0000 \u0000 \u0000 \u0000Findings \u0000 \u0000 \u0000 \u0000 \u0000One of the best aspects of the pitching template is that it forced the researchers to think each item over and over, enabling a synthesis of scattered ideas in a systematic way. Hence, it is strongly recommend learning and applying the pitching template as a tool to refine embryonic research ideas and to track the progress on the research projects. \u0000 \u0000 \u0000 \u0000 \u0000Originality/value \u0000 \u0000 \u0000 \u0000 \u0000This PRL is novel as it highlights the worth of performing the pitching exercise (i.e. quality publication), potential adoptability challenge and solutions (i.e. unfamiliarity and training), systematic process of learning the pitching template and application of the “rule of three” in pitching research. Such reflections are believed to be useful for early career researchers (ECRs).","PeriodicalId":169736,"journal":{"name":"CGN: Equity & Diversity (Topic)","volume":"52 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-07-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116969282","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 18
Do Skirts on Board Impact Figures in Books? 船上的裙子对书中的人物有影响吗?
CGN: Equity & Diversity (Topic) Pub Date : 2016-02-03 DOI: 10.2139/ssrn.2926637
A. Tahir
{"title":"Do Skirts on Board Impact Figures in Books?","authors":"A. Tahir","doi":"10.2139/ssrn.2926637","DOIUrl":"https://doi.org/10.2139/ssrn.2926637","url":null,"abstract":"After the financial crisis of 2007, a wave of discussion started that who sits on board is a critical factor in deciding the success and failure of a company. Research has found links between diverse boards and its positive effects on board inputs (Daniel Ferreira). Countries have rigorously passed laws and legislations without considering the fact there a complex relationship between women on board and performance and several other factors are needed to consider before making a strong assumption. The perceived importance of gender equality in board rooms (Nielson & Huse, 2010) do not points towards a clear opinion on whether gender equality in boardrooms will definitely yield better economic results (Hamdani & Buckley, 2010; Jonas Vob, 2015). A data for FTSE 100 companies was analyzed from 2006-2012 using Random Effects regression model. The results of this research does not support the business case of higher gender diversity for higher profits. This does not imply gender diversity should not be promoted. It is good to have gender diverse boards because of the positive behavioral impact they create on overall environment of an organization. Higher representation of women on board might not relate to the higher profits but diversified boards are critical in better decision making because of the benefit of diverse perspectives’. Equality should be promoted in work environment for ethical reasons and everyone should get a chance to make it to the top level if they are good enough.","PeriodicalId":169736,"journal":{"name":"CGN: Equity & Diversity (Topic)","volume":"344 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124251983","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Do Women in Top Management Affect Firm Performance? Evidence from Indonesia 女性高层管理人员会影响公司业绩吗?来自印度尼西亚的证据
CGN: Equity & Diversity (Topic) Pub Date : 2010-12-19 DOI: 10.2139/ssrn.1728572
Salim Darmadi
{"title":"Do Women in Top Management Affect Firm Performance? Evidence from Indonesia","authors":"Salim Darmadi","doi":"10.2139/ssrn.1728572","DOIUrl":"https://doi.org/10.2139/ssrn.1728572","url":null,"abstract":"Purpose – The purpose of this paper is to examine the relationship between gender diversity on the management board and the financial performance of Indonesian listed companies.Design/methodology/approach – Cross‐sectional regression analysis was conducted based on a sample comprising 92.4 percent of public firms listed on the Indonesia Stock Exchange (IDX). The dependent variable was firm performance, measured by return on assets (ROA) and Tobin's q. The explanatory variable was gender diversity, proxied by the proportion of women, the presence of women, and a gender heterogeneity index.Findings – It was found that the representation of female top executives is negatively related to both ROA and Tobin's q, suggesting that female representation is not associated with an improved level of performance. From correlation analysis, the results also reveal that smaller firms, which tend to be family‐controlled, are more likely to have a higher proportion of female members on management boards. This implies that...","PeriodicalId":169736,"journal":{"name":"CGN: Equity & Diversity (Topic)","volume":"206 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-12-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116195874","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 209
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