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Do Women Managers Keep Firms out of Trouble ? Evidence from Corporate Litigation and Policies 1
| Content Provider | Semantic Scholar |
|---|---|
| Author | Adhikari, Binay |
| Copyright Year | 2018 |
| Abstract | We find that firms where women have more power in the top management team, measured by female executives’ plurality and pay slice, face fewer operations-related lawsuits. This effect is robust to several treatments of endogeneity and does not appear to be driven by female executives' greater willingness to settle the cases. Evidence from a simultaneous equations approach suggests that firms where women executives have more power avoid lawsuits partly by avoiding some risky but value-increasing firm policies, such as more aggressive R&D, intensive advertising, and policies inimical to other parties. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://aagrawal.people.ua.edu/uploads/9/1/7/7/91770628/women_litigation.pdf |
| Language | English |
| Access Restriction | Open |
| Subject Keyword | Endogeneity (econometrics) HL7PublishingSubSection |
| Content Type | Text |
| Resource Type | Article |
