CEO political liberalism, stakeholders, and firms’ support for LGBT employees
研究了CEO的政治自由主义倾向（更自由或更保守）如何影响企业实施支持LGBT员工的政策，并分析了董事会、高管团队、员工、短期机构投资者和LGBT倡导组织等利益相关者如何调节这一关系。
We argue that CEO political liberalism, or the extent to which CEOs are more liberal rather than conservative, affects firms’ support for LGBT employees. Specifically, compared to conservative CEOs, liberal CEOs will be more likely to support LGBT employees by implementing LGBT-friendly policies. We furthermore posit that the presence of certain internal and external stakeholders—including boards, top management teams, and employees, as well as transient institutional investors and LGBT advocacy organizations—alter the proposed effect. Results based on a sample of Fortune 500 firms support our arguments. Our findings contribute to the literatures on leadership, stakeholders, and workplace diversity.