International spillovers of corporate scandal: evidence from the Harvey Weinstein event
利用与哈维·韦恩斯坦丑闻曝光时间重叠的代表性调查，发现该丑闻因果性地提升了意大利的性别平等偏好，并导致娱乐行业公司股价超额下跌，尤其女性高管比例高的公司受影响更大。
Exploiting a representative survey which overlapped with the revelation of the Harvey Weinstein scandal, we firstly discover that the scandal in the United States causally increased the preference for gender equality in Italy. Consistent with prospect theory, we then show that firms in the entertainment industry experienced excess loss in share value compared to their peers in other industries immediately following the revelation of the scandal. Further analyses suggest that this value impact is stronger for firms with a higher percentage of women executives. Our results are thus relevant for institutional investors holding a global portfolio.