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

Yassin Denis Bouzzine, Rainer Lueg

Publikation: Kapitel i bog/rapport/konference-proceedingKapitel i bogForskningpeer review

Abstract

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.

OriginalsprogEngelsk
TitelSocial sustainability and good work in organizations
RedaktørerSimon Jebsen, Klarissa Lueg
UdgivelsesstedNew York
ForlagRoutledge
Publikationsdatofeb. 2024
Sider102-119
Kapitel5
ISBN (Trykt)9781032307381, 9781032307411
ISBN (Elektronisk)9781003306436
DOI
StatusUdgivet - feb. 2024
Udgivet eksterntJa
NavnCitizenship and Sustainability in Organizations

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