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Do Women Managers Keep Firms out of Trouble? Evidence from Corporate Litigation and Policies
| Content Provider | Semantic Scholar |
|---|---|
| Author | Adhikari, Binay Kumar Agrawal, Anup Malm, James R. |
| Copyright Year | 2019 |
| 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. |
| Starting Page | 202 |
| Ending Page | 225 |
| Page Count | 24 |
| File Format | PDF HTM / HTML |
| DOI | 10.1016/j.jacceco.2018.09.004 |
| Volume Number | 67 |
| Alternate Webpage(s) | http://aagrawal.people.ua.edu/uploads/9/1/7/7/91770628/women_litigation.pdf |
| Alternate Webpage(s) | https://doi.org/10.1016/j.jacceco.2018.09.004 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
