CEO gender and employee relations: Evidence from labor lawsuits

•This study examines the relationship between CEO gender and firms’ employee relations.•Firms led by female CEOs experience significantly fewer labor lawsuits.•Firms with female CEOs encounter fewer serious allegations of coercive labor practices.•The presence of female CEOs is associated with a gre...

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Published in:Journal of banking & finance Vol. 128; p. 106136
Main Author: Liu, Chelsea
Format: Journal Article
Language:English
Published: Elsevier B.V 01.07.2021
Subjects:
Corporate litigation
Employee relations
Female CEOs
Labor lawsuits
M14
Labor lawsuits
E24
K31
Corporate litigation
Female CEOs
Employee relations
ISSN:0378-4266, 1872-6372
Online Access:Get full text
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Abstract •This study examines the relationship between CEO gender and firms’ employee relations.•Firms led by female CEOs experience significantly fewer labor lawsuits.•Firms with female CEOs encounter fewer serious allegations of coercive labor practices.•The presence of female CEOs is associated with a greater variety of employee-friendly initiatives adopted by their firms. This study investigates the relationship between the gender of chief executive officers (CEOs) and firms’ employee relations, as proxied by labor lawsuits. Drawing on gender socialization, upper echelons, and stakeholder theories, this study hypothesizes that firms with female CEOs have superior employee relations. Using a hand-collected sample of 11,970 labor lawsuits filed against Standard & Poor's 1500 firms from 2001–2014, the empirical results show that firms led by female CEOs experience fewer labor lawsuits. The findings are robust to a series of additional analyses to alleviate endogeneity concerns. The evidence from this study provides novel insights into the role of female corporate leaders in the context of employee relations.
AbstractList •This study examines the relationship between CEO gender and firms’ employee relations.•Firms led by female CEOs experience significantly fewer labor lawsuits.•Firms with female CEOs encounter fewer serious allegations of coercive labor practices.•The presence of female CEOs is associated with a greater variety of employee-friendly initiatives adopted by their firms. This study investigates the relationship between the gender of chief executive officers (CEOs) and firms’ employee relations, as proxied by labor lawsuits. Drawing on gender socialization, upper echelons, and stakeholder theories, this study hypothesizes that firms with female CEOs have superior employee relations. Using a hand-collected sample of 11,970 labor lawsuits filed against Standard & Poor's 1500 firms from 2001–2014, the empirical results show that firms led by female CEOs experience fewer labor lawsuits. The findings are robust to a series of additional analyses to alleviate endogeneity concerns. The evidence from this study provides novel insights into the role of female corporate leaders in the context of employee relations.
ArticleNumber 106136
Author Liu, Chelsea
Author_xml – sequence: 1
  givenname: Chelsea
  surname: Liu
  fullname: Liu, Chelsea
  email: chelsea.liu@adelaide.edu.au
  organization: Adelaide Business School, The University of Adelaide, 10 Pulteney Street, South Australia 5005, Australia
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Female CEOs
Employee relations
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Snippet •This study examines the relationship between CEO gender and firms’ employee relations.•Firms led by female CEOs experience significantly fewer labor...
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StartPage 106136
SubjectTerms Corporate litigation
Employee relations
Female CEOs
Labor lawsuits
Title CEO gender and employee relations: Evidence from labor lawsuits
URI https://dx.doi.org/10.1016/j.jbankfin.2021.106136
Volume 128
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