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Sexual Harassment by Top Managers: Impacts on Public Company

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Sexual Harassment by Top Managers: Impacts on Public Company

Cai, Yue (2018) Sexual Harassment by Top Managers: Impacts on Public Company. Masters thesis, Concordia University.

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Abstract

We investigate firms that fired the CEOs who are accused of sexual harassment and make this information public instead of entering into Non Disclosure Agreement (NDA), and we find that sexual harassment of CEOs have no significant influence on firm and firms do not suffer from the negative market reactions and long-term consequences. Contrary to precious literature suggesting the firm should enter into Non Disclosure Agreement because of its negative effects on firm, we believe that firing the accused CEO will not negatively affect firm and director should have more incentive to dismiss them instead of entering into NDA with victims. For CEOs who engaged in this event suffer the consequence from the labour market, because majority of them cannot obtain an equivalent job in job market as shown in our results. In very few cases they do, they are not hired by public firms. Moreover, we also find that the directors who made the dismissal decision of CEO did not suffer from the consequences and the number of employees was not affected by this event in 3 years either.

Divisions:Concordia University > John Molson School of Business > Finance
Item Type:Thesis (Masters)
Authors:Cai, Yue
Institution:Concordia University
Degree Name:M. Sc.
Program:Finance
Date:30 August 2018
Thesis Supervisor(s):Ullah, Saif
ID Code:984346
Deposited By: YUE CAI
Deposited On:16 Nov 2018 16:59
Last Modified:16 Nov 2018 16:59
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