How do investors react to problematic social issues in organisations? Evidence from the literature on workplace sexual harassment

Publikation: Beiträge in SammelwerkenKapitelbegutachtet

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This chapter assesses how investors react to public disclosures of problematic social issues in organisations by reviewing the literature on workplace sexual harassment. Based on a systematic review of nine event studies examining stock price reactions to public disclosures of workplace sexual harassment, we find unanimous support for abnormal stock losses to firms that employ the individual(s) accused of sexual harassment due to profitability and reputation losses. Furthermore, authors detected stronger stock losses in case an executive is implicated, while corporate culture might be a moderating factor. The authors also dealt with the spillover effect of sexual harassment on organisations not directly implicated in an accusation and detected abnormal stock losses to organisations with female-unfriendly organisational culture and abnormal stock gains for female-friendly organisations. These findings come with important implications for organisational social responsibility engagement and wider social sustainability. We use these findings to point at implications for future research regarding current research gaps and methodological limitations.

OriginalspracheEnglisch
TitelSocial Sustainability and Good Work in Organizations
HerausgeberSimon Jebsen, Klarissa Lueg
Anzahl der Seiten18
VerlagTaylor and Francis Inc.
Erscheinungsdatum01.01.2024
Seiten102-119
ISBN (Print)9781032307381
ISBN (elektronisch)9781003856207, 9781003306436
DOIs
PublikationsstatusErschienen - 01.01.2024

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Publisher Copyright:
© 2024 selection and editorial matter, Klarissa Lueg and Simon Jebsen; individual chapters, the contributors. All rights reserved.

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