Universität zu Köln

Cici, Gjergji, Hendriock, Mario, Jaspersen, Stefan and Kempf, Alexander (2021). #MeToo meets the mutual fund industry: productivity effects of sexual harassment. Financ. Res. Lett., 40. SAN DIEGO: ACADEMIC PRESS INC ELSEVIER SCIENCE. ISSN 1544-6131

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Abstract

Sexual harassment, a widespread problem in the workplace, keeps female employees from optimally employing their human capital. We show that removing or diminishing this friction improves productivity. Specifically, using the male-dominated fund industry as our testing ground, we show that productivity of female mutual fund managers significantly increased after the Harvey Weinstein scandal and the onset of the #MeToo movement. Evidence from lawsuits and organizational changes at several fund companies also suggests that reducing the threat of sexual harassment improves productivity. Our results have important implications for the policy debate on workforce diversity and costs of sexual harassment.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Cici, Gjergji UNSPECIFIED UNSPECIFIED UNSPECIFIED Hendriock, Mario UNSPECIFIED UNSPECIFIED UNSPECIFIED Jaspersen, Stefan UNSPECIFIED UNSPECIFIED UNSPECIFIED Kempf, Alexander UNSPECIFIED UNSPECIFIED UNSPECIFIED
URN:	urn:nbn:de:hbz:38-572058
DOI:	10.1016/j.frl.2020.101687
Journal or Publication Title:	Financ. Res. Lett.
Volume:	40
Date:	2021
Publisher:	ACADEMIC PRESS INC ELSEVIER SCIENCE
Place of Publication:	SAN DIEGO
ISSN:	1544-6131
Language:	English
Faculty:	Unspecified
Divisions:	Unspecified
Subjects:	no entry
Uncontrolled Keywords:	Keywords Language WORKING; WELL Multiple languages Business, Finance Multiple languages
URI:	http://kups.ub.uni-koeln.de/id/eprint/57205