Investor Valuation: LGBTQ Inclusion and the Effect on a Firm's Financials

Investor Valuation: LGBTQ Inclusion and the Effect on a Firm's Financials

This study examines whether institutional investors value LGBTQ workplace initiatives differently than common investors. To investigate this issue, I analyze the stock market reaction to the release of the 2012 Corporate Equality Index (CEI) scores from the Human Rights Campaign to identify the diff...

Full description

Bibliographic Details
Main Author: Voge, Garrett Daniel
Other Authors: Dhaliwal, Dan
Language:en
Published: The University of Arizona. 2013
Online Access:http://hdl.handle.net/10150/297778
id ndltd-arizona.edu-oai-arizona.openrepository.com-10150-297778
record_format oai_dc
spelling ndltd-arizona.edu-oai-arizona.openrepository.com-10150-2977782015-10-23T05:20:16Z Investor Valuation: LGBTQ Inclusion and the Effect on a Firm's Financials Voge, Garrett Daniel Dhaliwal, Dan This study examines whether institutional investors value LGBTQ workplace initiatives differently than common investors. To investigate this issue, I analyze the stock market reaction to the release of the 2012 Corporate Equality Index (CEI) scores from the Human Rights Campaign to identify the difference for firms depending on the level of institutional ownership. My findings suggest that firms with a higher ownership percentage of institutional investors have a significantly positive increase in stock prices when they release high CEI scores. This suggests that institutional investors see value in corporate LGBTQ policies. 2013 text Electronic Thesis http://hdl.handle.net/10150/297778 en Copyright © is held by the author. Digital access to this material is made possible by the University Libraries, University of Arizona. Further transmission, reproduction or presentation (such as public display or performance) of protected items is prohibited except with permission of the author. The University of Arizona.
collection NDLTD
language en
sources NDLTD
description This study examines whether institutional investors value LGBTQ workplace initiatives differently than common investors. To investigate this issue, I analyze the stock market reaction to the release of the 2012 Corporate Equality Index (CEI) scores from the Human Rights Campaign to identify the difference for firms depending on the level of institutional ownership. My findings suggest that firms with a higher ownership percentage of institutional investors have a significantly positive increase in stock prices when they release high CEI scores. This suggests that institutional investors see value in corporate LGBTQ policies.
author2 Dhaliwal, Dan
author_facet Dhaliwal, Dan
Voge, Garrett Daniel
author Voge, Garrett Daniel
spellingShingle Voge, Garrett Daniel
Investor Valuation: LGBTQ Inclusion and the Effect on a Firm's Financials
author_sort Voge, Garrett Daniel
title Investor Valuation: LGBTQ Inclusion and the Effect on a Firm's Financials
title_short Investor Valuation: LGBTQ Inclusion and the Effect on a Firm's Financials
title_full Investor Valuation: LGBTQ Inclusion and the Effect on a Firm's Financials
title_fullStr Investor Valuation: LGBTQ Inclusion and the Effect on a Firm's Financials
title_full_unstemmed Investor Valuation: LGBTQ Inclusion and the Effect on a Firm's Financials
title_sort investor valuation: lgbtq inclusion and the effect on a firm's financials
publisher The University of Arizona.
publishDate 2013
url http://hdl.handle.net/10150/297778
work_keys_str_mv AT vogegarrettdaniel investorvaluationlgbtqinclusionandtheeffectonafirmsfinancials
_version_ 1718105219963813888

Similar Items