| Residential College | false |
| Status | 已發表Published |
| Market Reaction to Gender Diversity: Evidence from Abortion Bans | |
QUE TINGTING
| |
| 2024-06 | |
| Size of Audience | 25 |
| Type of Speaker | Invited Speech |
| Abstract | Exploiting a novel setting of state-by-state abortion ban or restriction events, we document that firms committed to gender diversity and inclusion in their workplace earn superior stock returns when states announce abortion bans or restrictions. However, the market does not react significantly to firms with such commitments when states make abortion protection announcements. Furthermore, the positive market reaction to committed firms in banned states is more pronounced when firms have a high number of subsidiaries in the banned states, low public attention, a low union presence, and a high increase in employee satisfaction. Overall, our analysis highlights that the market appreciates firms that support employees when states adopt policies that likely limit employees’ rights. |
| Keyword | Alignment Gender Diversity Valuation Public Attention Esg Abortion Ban |
| Source Publication | Workshop on Sustainable Finance - BNU Sustainable FinTech Project |
| Conference Date | June 17, 2024 |
| Conference Place | University of Macau |
| Language | 英語English |
| Document Type | Presentation |
| Collection | DEPARTMENT OF FINANCE AND BUSINESS ECONOMICS |
| Affiliation | University of Macau |
| Recommended Citation GB/T 7714 | QUE TINGTING. Market Reaction to Gender Diversity: Evidence from Abortion Bans[Z]. Workshop on Sustainable Finance - BNU Sustainable FinTech Project, June 17, 2024. |
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