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Social injustice and corporate innovation

Author

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  • Korkmaz, Aslihan Gizem
  • Ucar, Erdem

Abstract

We investigate the role of local social injustice, measured by racial prejudice and sexism, in corporate innovation. In a sample of U.S. firms, we find that local racial prejudice and sexism negatively affect corporate innovation. The results remain robust after the inclusion of other unobserved local factors. Furthermore, we find that the firms located in states with higher sexism levels continue to have lower corporate innovation outputs in the leading two and three years. The empirical findings imply that social injustice does not only have a social cost but also has economic consequences for firms.

Suggested Citation

  • Korkmaz, Aslihan Gizem & Ucar, Erdem, 2025. "Social injustice and corporate innovation," The Quarterly Review of Economics and Finance, Elsevier, vol. 101(C).
    • Handle: RePEc:eee:quaeco:v:101:y:2025:i:c:s1062976925000225
    DOI: 10.1016/j.qref.2025.101981
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    More about this item

    Keywords

    Social Injustice; Racial prejudice; Sexism; Corporate innovation;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General

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