LGBTQ and Finance

53 Pages Posted: 11 Feb 2022

See all articles by Sanjukta Brahma

Sanjukta Brahma

Glasgow Caledonian University

Konstantinos Gavriilidis

Stirling Management School; University of Stirling

Vasileios Kallinterakis

UNIVERSITY OF LIVERPOOL

Thanos Verousis

University of Essex

Mengyu Zhang

University of Kent, Kent Business School

Date Written: December 13, 2021

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. We show that LGBTQ-friendly policies affect organizational outcomes and enhance the quality of corporate governance. 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 can help identify several directions for future research.

Keywords: LGBTQ policies, finance, firm performance, corporate governance, workplace diversity

JEL Classification: J16, G50, D10, G38, L25

Suggested Citation

Brahma, Sanjukta and Gavriilidis, Konstantinos and Gavriilidis, Konstantinos and Kallinterakis, Vasileios and Verousis, Thanos and Zhang, Mengyu, LGBTQ and Finance (December 13, 2021). Available at SSRN: https://ssrn.com/abstract=3984415 or http://dx.doi.org/10.2139/ssrn.3984415

Sanjukta Brahma

Glasgow Caledonian University ( email )

Scotland
United Kingdom

HOME PAGE: http://https://www.gcu.ac.uk/gsbs/staff/drsanjuktabrahma/

Konstantinos Gavriilidis

University of Stirling ( email )

Stirling, Scotland FK9 4LA
United Kingdom

Stirling Management School ( email )

Stirling University
Stirling, sTIRLING FK9 4LA
United Kingdom

Vasileios Kallinterakis

UNIVERSITY OF LIVERPOOL ( email )

Chatham Street
Liverpool, L69 7ZH
United Kingdom

HOME PAGE: http://https://www.liverpool.ac.uk/management/staff/vasileios-kallinterakis/

Thanos Verousis (Contact Author)

University of Essex ( email )

Wivenhoe Park
Colchester, CO4 3SQ
United Kingdom

Mengyu Zhang

University of Kent, Kent Business School ( email )

CT2 7NP
United Kingdom

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