Social network centrality and the corporate environment: The case of sexual diversity policies
Nuttavuth Nundhapana,
Chiraphol N. Chiyachantana,
David K. Ding
et al.
Abstract:We study the external influence of social capital, measured by Facebook's (now Meta) Social Connectedness Index, on a firm's decision to adopt policies that promote a more diverse corporate environment. Recent studies find corporate policies that embrace sexual diversity are beneficial to firms and their stakeholders, thereby contributing to their corporate social responsibility (CSR) and business sustainability. We find that firms with a high social network centrality are more likely to adopt policies and bus… Show more
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