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The effect of gender and parenting daughters on judgments of morally controversial companies

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  • Paweł Niszczota
  • Michał Białek

Abstract

Earlier findings suggest that men with daughters make judgments and decisions somewhat in line with those made by women. In this paper, we attempt to extend those findings, by testing how gender and parenting daughters affect judgments of the appropriateness of investing in and working for morally controversial companies (“sin stocks”). To do so, in Study 1 (N = 634) we investigate whether women judge the prospect of investing in sin stocks more harshly than men do, and test the hypothesis that men with daughters judge such investments less favorably than other men. In Study 2 (N = 782), we investigate the willingness to work in morally controversial companies at a significant wage premium. Results show that—for men—parenting daughters yields harsher evaluations of sin stocks, but no evidence that it lowers the propensity to work in such companies. This contrasts to the effect of gender: women reliably judge both investment and employment in morally controversial companies more harshly than men do. We suggest that an aversion towards morally controversial companies might be a partial determinant of the gender gap in wages.

Suggested Citation

  • Paweł Niszczota & Michał Białek, 2021. "The effect of gender and parenting daughters on judgments of morally controversial companies," PLOS ONE, Public Library of Science, vol. 16(12), pages 1-17, December.
    • Handle: RePEc:plo:pone00:0260503
    DOI: 10.1371/journal.pone.0260503
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    References listed on IDEAS

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    1. Ebonya L. Washington, 2008. "Female Socialization: How Daughters Affect Their Legislator Fathers," American Economic Review, American Economic Association, vol. 98(1), pages 311-332, March.
    2. Niszczota, Paweł & Białek, Michał, 2021. "Women oppose sin stocks more than men do," Finance Research Letters, Elsevier, vol. 41(C).
    3. Pieter Jan Trinks & Bert Scholtens, 2017. "The Opportunity Cost of Negative Screening in Socially Responsible Investing," Journal of Business Ethics, Springer, vol. 140(2), pages 193-208, January.
    4. Cronqvist, Henrik & Yu, Frank, 2017. "Shaped by their daughters: Executives, female socialization, and corporate social responsibility," Journal of Financial Economics, Elsevier, vol. 126(3), pages 543-562.
    5. Adam N. Glynn & Maya Sen, 2015. "Identifying Judicial Empathy: Does Having Daughters Cause Judges to Rule for Women's Issues?," American Journal of Political Science, John Wiley & Sons, vol. 59(1), pages 37-54, January.
    6. Ari Dasgupta & Lan Ha & Spurthi Jonnalagadda & Steven Schmeiser & Hannah Youngerman, 2018. "The daughter effect: do CEOs with daughters hire more women to their board?," Applied Economics Letters, Taylor & Francis Journals, vol. 25(13), pages 891-894, July.
    7. Hong, Harrison & Kacperczyk, Marcin, 2009. "The price of sin: The effects of social norms on markets," Journal of Financial Economics, Elsevier, vol. 93(1), pages 15-36, July.
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    Cited by:

    1. Hervé, Fabrice & Marsat, Sylvain, 2024. "Like daughter, like father: Female socialization and green equity investment," International Review of Financial Analysis, Elsevier, vol. 96(PA).
    2. Niszczota, Paweł & Błaszczyński, Jakub, 2024. "Hard to digest investments: People oppose investment in both conventional and cultured meat producers," Ecological Economics, Elsevier, vol. 218(C).
    3. Meunier, L. & Ohadi, S., 2023. "Exclusion strategy in socially responsible investment: One size does not fit all," Journal of Behavioral and Experimental Finance, Elsevier, vol. 39(C).

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