LGBTQ and finance

Sanjukta Brahma; Konstantinos Gavriilidis; Vasileios Kallinterakis; Thanos Verousis; Mengyu Zhang

doi:10.1016/j.irfa.2023.102547

LGBTQ and finance

Sanjukta Brahma, Konstantinos Gavriilidis, Vasileios Kallinterakis, Thanos Verousis^*, Mengyu Zhang

^*Corresponding author for this work

Finance and Accounting

Research output: Contribution to journal › Article › peer-review

11 Citations (Scopus)

171 Downloads (Pure)

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.

Original language	English
Article number	102547
Journal	International Review of Financial Analysis
Volume	86
Early online date	7 Feb 2023
DOIs	https://doi.org/10.1016/j.irfa.2023.102547
Publication status	Published - Mar 2023

Keywords

LGBTQ policies
finance
firm performance
corporate governance
workplace diversity

ASJC Scopus subject areas

Economics and Econometrics
Finance

Documents and Links

10.1016/j.irfa.2023.102547

Brahma, S. et al (2023) LGBTQ and finance
1057-5219/© 2023 The Authors. Published by Elsevier Inc. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).
Final published version, 713 KBLicence: CC BY

Cite this

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AB - 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.

KW - LGBTQ policies

KW - finance

KW - firm performance

KW - corporate governance

KW - workplace diversity

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DO - 10.1016/j.irfa.2023.102547

M3 - Article

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VL - 86

JO - International Review of Financial Analysis

JF - International Review of Financial Analysis

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LGBTQ and finance

Abstract

Keywords

ASJC Scopus subject areas

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