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LGBTQ and Finance

Brahma, Sanjukta, Gavriilidis, Konstantinos, Kallinterakis, Vasileios, Verousis, Thanos, Zhang, Mengyu (2023) LGBTQ and Finance. International Review of Financial Analysis, 86 . Article Number 102547. ISSN 1057-5219. (doi:10.1016/j.irfa.2023.102547) (KAR id:99729)

Abstract

Recent changes in workplace and corporate board diversity policies and a series of court rulings have signalled a fundamental change in the treatment of lesbian, gay, bisexual, transgender and queer (henceforth LGBTQ) people in the corporate world. In this paper, we survey the burgeoning literature on the role of sexual orientation in finance. Studies show that there is a positive relationship between the adoption of LGBTQ-friendly policies and firm performance. We identify the factors that influence a firm’s decision to adopt LGBTQ-friendly policies. We also provide evidence that sexual preferences play an important role in leadership styles in the household. Overall, our review suggests that LGBTQ research allows novel insights regarding how LGBTQ policies create value for the firm, insights that help us identify several directions for future research.

Item Type: Article
DOI/Identification number: 10.1016/j.irfa.2023.102547
Uncontrolled keywords: LGBTQ policies; finance; firm performance; corporate governance; workplace diversity
Subjects: H Social Sciences
Divisions: Divisions > Kent Business School - Division > Department of Accounting and Finance
Funders: University of Kent (https://ror.org/00xkeyj56)
Depositing User: Mengyu Zhang
Date Deposited: 27 Jan 2023 09:18 UTC
Last Modified: 20 Mar 2023 16:07 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/99729 (The current URI for this page, for reference purposes)
Zhang, Mengyu: https://orcid.org/0000-0002-9699-1421
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