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Firm size and workplace diversity and inclusion

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  • Ntantamis, Christos
  • Zhou, Jun

Abstract

This paper examines the impact of firm size on workplace diversity and inclusion in a global setting. Using a sample of publicly listed firms from 33 countries/economies over the period from 2016 to 2022 and utilizing the newly introduced Diversity and Inclusion Scores by LSEG, we find that larger firms are more engaged in cultivating workplace diversity and inclusion. Overall, our finding aligns with the prediction from the legitimacy theory.

Suggested Citation

  • Ntantamis, Christos & Zhou, Jun, 2025. "Firm size and workplace diversity and inclusion," Economics Letters, Elsevier, vol. 248(C).
    • Handle: RePEc:eee:ecolet:v:248:y:2025:i:c:s0165176525000710
    DOI: 10.1016/j.econlet.2025.112234
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    References listed on IDEAS

    as
    1. Edmans, Alex & Flammer, Caroline & Glossner, Simon, 2023. "Diversity, Equity, and Inclusion," CEPR Discussion Papers 18137, C.E.P.R. Discussion Papers.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Workplace diversity and inclusion; Firm Size; Legitimacy Theory;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • J53 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Labor-Management Relations; Industrial Jurisprudence
    • J71 - Labor and Demographic Economics - - Labor Discrimination - - - Hiring and Firing
    • J81 - Labor and Demographic Economics - - Labor Standards - - - Working Conditions

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