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Does ESG Honesty Pay? Evidence From LGBT Support and Disclosure
Does ESG Honesty Pay? Evidence From LGBT Support and Disclosure
상세정보
- 자료유형
- 학위논문 서양
- 최종처리일시
- 20250211152752
- ISBN
- 9798383417553
- DDC
- 302
- 저자명
- Pears, Geoffrey.
- 서명/저자
- Does ESG Honesty Pay? Evidence From LGBT Support and Disclosure
- 발행사항
- [Sl] : Rice University, 2024
- 발행사항
- Ann Arbor : ProQuest Dissertations & Theses, 2024
- 형태사항
- 77 p
- 주기사항
- Source: Dissertations Abstracts International, Volume: 86-02, Section: A.
- 주기사항
- Advisor: Sivaramakrishnan, Konduru;Rountree, Brian.
- 학위논문주기
- Thesis (Ph.D.)--Rice University, 2024.
- 초록/해제
- 요약Firm ESG strategy contains two elements: real support and disclosure. While correlated, real ESG support and disclosure of that support are separate decisions, and firms can do both, neither, or either one without the other. In an LGBT setting, I classify firms based on their real LGBT support and their disclosure of that support. I study the effects of full support, silent support, non-support, and virtue signaling, and I find that firms have lower net income, market share, revenue, and market capitalization when they are virtue signalers and when they are silent supporters. This is true both across firms and within firms over time, and the results are robust to selection adjustments and alternative variable measures. In cross-sectional tests, I show the results are weaker for firms in consumer-facing industries and stronger for firms with more diverse employee bases, suggesting the benefits of LGBT support and disclosure are driven by employee stakeholders and not consumers. Additionally, consistent with strategic ESG disclosure, I find that ESG support and disclosure decisions are driven by close competitors. Last, in a novel descriptive result, I show that LGBT non-support is concentrated in the quartile of industries with the lowest percentage of female and minority employees.
- 키워드
- Social settings
- 기타저자
- Rice University Business
- 기본자료저록
- Dissertations Abstracts International. 86-02A.
- 전자적 위치 및 접속
- 로그인 후 원문을 볼 수 있습니다.
MARC
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■020 ▼a9798383417553
■035 ▼a(MiAaPQ)AAI31532913
■035 ▼a(MiAaPQ)0187rice5071Pears
■040 ▼aMiAaPQ▼cMiAaPQ
■0820 ▼a302
■1001 ▼aPears, Geoffrey.
■24510▼aDoes ESG Honesty Pay? Evidence From LGBT Support and Disclosure
■260 ▼a[Sl]▼bRice University▼c2024
■260 1▼aAnn Arbor▼bProQuest Dissertations & Theses▼c2024
■300 ▼a77 p
■500 ▼aSource: Dissertations Abstracts International, Volume: 86-02, Section: A.
■500 ▼aAdvisor: Sivaramakrishnan, Konduru;Rountree, Brian.
■5021 ▼aThesis (Ph.D.)--Rice University, 2024.
■520 ▼aFirm ESG strategy contains two elements: real support and disclosure. While correlated, real ESG support and disclosure of that support are separate decisions, and firms can do both, neither, or either one without the other. In an LGBT setting, I classify firms based on their real LGBT support and their disclosure of that support. I study the effects of full support, silent support, non-support, and virtue signaling, and I find that firms have lower net income, market share, revenue, and market capitalization when they are virtue signalers and when they are silent supporters. This is true both across firms and within firms over time, and the results are robust to selection adjustments and alternative variable measures. In cross-sectional tests, I show the results are weaker for firms in consumer-facing industries and stronger for firms with more diverse employee bases, suggesting the benefits of LGBT support and disclosure are driven by employee stakeholders and not consumers. Additionally, consistent with strategic ESG disclosure, I find that ESG support and disclosure decisions are driven by close competitors. Last, in a novel descriptive result, I show that LGBT non-support is concentrated in the quartile of industries with the lowest percentage of female and minority employees.
■590 ▼aSchool code: 0187.
■653 ▼aEnvironmental literature
■653 ▼aSocial settings
■653 ▼aCorporate social responsibility
■653 ▼aEmployee non-discrimination
■690 ▼a0272
■690 ▼a0501
■71020▼aRice University▼bBusiness.
■7730 ▼tDissertations Abstracts International▼g86-02A.
■790 ▼a0187
■791 ▼aPh.D.
■792 ▼a2024
■793 ▼aEnglish
■85640▼uhttp://www.riss.kr/pdu/ddodLink.do?id=T17163782▼nKERIS▼z이 자료의 원문은 한국교육학술정보원에서 제공합니다.
