No dia 23 de setembro, entre as 13h00 e as 14h00, tem lugar uma sessão dos ISEG Research Seminars. O orador convidado será Sinh Thoi Mai do ISEG. Esta sessão decorre no Anfiteatro 4 (Edifício Quelhas, 4º piso).
Os Seminários ISEG Research decorrem semanalmente, às quartas-feiras, contando com a participação de docentes do ISEG, bem como de outras instituições de ensino nacionais e internacionais.
Title
The Effects of Respect Culture Misalignment and Litigation Risk
Abstract
We examine how misalignment between respect culture articulated by CEOs and the respect culture experienced by employees increase firms’ exposure to workplace-related litigation. Using a novel text-based measure from earnings conference call transcripts and Glassdoor employee reviews, we construct a CEO-employee respect culture misalignment at the firm level from 2007 to 2022. We find that greater respect culture misalignment is associated with higher likelihood of employment-related litigation, a greater number of litigation cases, and larger monetary penalties. In addition, respect culture misalignment is associated with higher employee turnover, both voluntary and involuntary, and a greater likelihood of labor strikes. We further identify several drivers of misalignment, showing that it is higher in firms with more narcissistic CEOs, weaker internal communication, shorter CEO tenure, and forced CEO turnover.
