An, Jiafu and Xu, Jiaman ![]() ![]() |
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Official URL: https://doi.org/10.1080/1351847X.2021.1906729
Abstract
Exploiting a representative survey which overlapped with the revelation of the Harvey Weinstein scandal, we firstly discover that the scandal in the United States causally increased the preference for gender equality in Italy. Consistent with prospect theory, we then show that firms in the entertainment industry experienced excess loss in share value compared to their peers in other industries immediately following the revelation of the scandal. Further analyses suggest that this value impact is stronger for firms with a higher percentage of women executives. Our results are thus relevant for institutional investors holding a global portfolio.
Item Type: | Article |
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Date Type: | Publication |
Status: | Published |
Schools: | Business (Including Economics) |
Publisher: | Taylor and Francis Group |
ISSN: | 1351-847X |
Date of First Compliant Deposit: | 13 December 2024 |
Date of Acceptance: | 17 March 2021 |
Last Modified: | 13 Dec 2024 11:27 |
URI: | https://orca.cardiff.ac.uk/id/eprint/174580 |
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