LGBTQ and finance
Brahma, Sanjukta Gavriilidis, Konstantinos Kallinterakis, Vasileios Verousis, Thanos
Brahma, Sanjukta
Gavriilidis, Konstantinos
Kallinterakis, Vasileios
Verousis, Thanos
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Publication Type
Journal article with impact factor
Editor
Supervisor
Publication Year
2023
Journal
International Review of Financial Analysis
Book
Publication Volume
86
Publication Issue
March
Publication Begin page
Publication End page
Publication Number of pages
Collections
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.
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Keywords
LGBTQ Policies, Finance, Firm Performance, Corporate Governance, Workplace Diversity