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- Publisher Website: 10.1080/1351847X.2021.1906729
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Article: International spillovers of corporate scandal: evidence from the Harvey Weinstein event
Title | International spillovers of corporate scandal: evidence from the Harvey Weinstein event |
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Authors | |
Keywords | corporate scandal Gender inequality Harvey Weinstein |
Issue Date | 2021 |
Citation | European Journal of Finance, 2021, v. 27, n. 11, p. 1053-1072 How to Cite? |
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. |
Persistent Identifier | http://hdl.handle.net/10722/311951 |
ISSN | 2021 Impact Factor: 1.903 2020 SCImago Journal Rankings: 0.535 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | An, Jiafu | - |
dc.contributor.author | Xu, Jiaman | - |
dc.date.accessioned | 2022-04-06T04:31:50Z | - |
dc.date.available | 2022-04-06T04:31:50Z | - |
dc.date.issued | 2021 | - |
dc.identifier.citation | European Journal of Finance, 2021, v. 27, n. 11, p. 1053-1072 | - |
dc.identifier.issn | 1351-847X | - |
dc.identifier.uri | http://hdl.handle.net/10722/311951 | - |
dc.description.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. | - |
dc.language | eng | - |
dc.relation.ispartof | European Journal of Finance | - |
dc.rights | This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License. | - |
dc.subject | corporate scandal | - |
dc.subject | Gender inequality | - |
dc.subject | Harvey Weinstein | - |
dc.title | International spillovers of corporate scandal: evidence from the Harvey Weinstein event | - |
dc.type | Article | - |
dc.description.nature | published_or_final_version | - |
dc.identifier.doi | 10.1080/1351847X.2021.1906729 | - |
dc.identifier.scopus | eid_2-s2.0-85103422107 | - |
dc.identifier.volume | 27 | - |
dc.identifier.issue | 11 | - |
dc.identifier.spage | 1053 | - |
dc.identifier.epage | 1072 | - |
dc.identifier.eissn | 1466-4364 | - |
dc.identifier.isi | WOS:000634556700001 | - |