[EVENT ONLINE] The Effect of Female Employees on the Implied Cost of Equity Capital: Evidence from Korea

Lecture will be in Korean.

Image provided by Pixabay

Professor Boyoung Moon, Associate Professor, College of Business & Economics, Dankook University

Tuesday, October 6, 2020
2:00 PM - 3:00 PM

As the proportion of female employees in the Korean economy increases, it is necessary for corporate managers to actively participate in revitalizing the female workforce. If there is a strong conviction that the female workforce contributes to the firm in any way, managers will more actively hire females and strive to create an environment suitable for female employees to work in. Accordingly, Professor Moon's study attempts to analyze the positive impact of female employees on firms. More specifically, it tests empirically whether information related to the proportion of female employees affects the cost of equity capital. Professor Moon will discuss the results, which indicate that the more female employees in the firm, the lower the cost of equity capital. The results of this study can provide an incentive for corporate managers to more strategically hire and nurture female employees. The results can also provide implications to the effectiveness of government policies to induce employment of females as well as implications for capital market participants who must play an advocacy role for successful employment of female employees.

* If you are interested in attending this talk, please email the Center (koreanstudies@international.ucla.edu) for a Zoom invitation.

koreanstudies@international.ucla.edu

Sponsor(s): Center for Korean Studies