{"id":180394,"date":"2025-10-13T16:25:59","date_gmt":"2025-10-13T14:25:59","guid":{"rendered":"https:\/\/www.ieseg.fr\/?post_type=events&#038;p=180394"},"modified":"2025-10-13T16:25:59","modified_gmt":"2025-10-13T14:25:59","slug":"research-seminar-market-reactions-to-sexual-minority-appointments-in-corporate-leadership","status":"publish","type":"events","link":"https:\/\/www.ieseg.fr\/en\/events\/research-seminar-market-reactions-to-sexual-minority-appointments-in-corporate-leadership\/","title":{"rendered":"[Research Seminar] Market Reactions to Sexual Minority Appointments in Corporate Leadership"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" width=\"880\" height=\"280\" src=\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/2024\/11\/banniere-conference-event-EN.jpg\" alt=\"\" class=\"wp-image-168110\" srcset=\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/2024\/11\/banniere-conference-event-EN.jpg 880w, https:\/\/www.ieseg.fr\/wp-content\/uploads\/2024\/11\/banniere-conference-event-EN-300x95.jpg 300w, https:\/\/www.ieseg.fr\/wp-content\/uploads\/2024\/11\/banniere-conference-event-EN-768x244.jpg 768w, https:\/\/www.ieseg.fr\/wp-content\/uploads\/2024\/11\/banniere-conference-event-EN-150x48.jpg 150w, https:\/\/www.ieseg.fr\/wp-content\/uploads\/2024\/11\/banniere-conference-event-EN-400x127.jpg 400w\" sizes=\"(max-width: 880px) 100vw, 880px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em><strong>October 30<sup>th<\/sup>, 2025<br><\/strong>2pm \u2013 3:30pm in Village Building (E033) &amp; on Zoom<\/em><br>&#8212;&#8212;&#8212;&#8212;&#8211;<br><em>Speaker:<strong> Wouter TORSIN<\/strong> \u2013 HEC Li\u00e8ge<\/em><\/p>\n\n\n\n<h2>abstract<\/h2>\n\n\n\n<p>This paper investigates the market reaction to LGBTQ+ leadership appointments. Building on signaling theory, we hypothesize that LGBTQ+ leadership is perceived positively by investors. Our empirical results demonstrate positive abnormal returns around top management team appointments, with no statistical difference for LGBTQ+ director appointments relative to their non-LGBTQ+ counterpart.<br>This reaction is stronger when the executives\u2019 sexual orientation is observable. We further demonstrate that this premium occurs for both inside and outside appointments, and that the market reaction is completely driven by male-identifying executives. We formally investigate the channels behind this market premium and document that market reactions are particularly pronounced when employee and consumer attraction gains are higher.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><em><strong><a href=\"https:\/\/acrobat.adobe.com\/id\/urn:aaid:sc:EU:a39b3fee-9b03-45f5-840c-f24df33cdaf0\" target=\"_blank\" rel=\"noreferrer noopener\">More info<\/a><\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>October 30th, 20252pm \u2013 3:30pm in Village Building (E033) &amp; on Zoom&#8212;&#8212;&#8212;&#8212;&#8211;Speaker: Wouter TORSIN \u2013 HEC Li\u00e8ge abstract This paper investigates the market reaction to LGBTQ+ leadership appointments. Building on [&hellip;]<\/p>\n","protected":false},"featured_media":0,"template":"","events-category":[41,166],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>[Research Seminar] Market Reactions to Sexual Minority Appointments in Corporate Leadership - I\u00c9SEG<\/title>\n<meta name=\"description\" content=\"October 30th, 20252pm \u2013 3:30pm in Village Building (E033) &amp; on Zoom--------------Speaker: Wouter TORSIN \u2013 HEC Li\u00e8ge abstract This paper investigates\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ieseg.fr\/en\/events\/research-seminar-market-reactions-to-sexual-minority-appointments-in-corporate-leadership\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"[Research Seminar] Market Reactions to Sexual Minority Appointments in Corporate Leadership - I\u00c9SEG\" \/>\n<meta property=\"og:description\" content=\"October 30th, 20252pm \u2013 3:30pm in Village Building (E033) &amp; on Zoom--------------Speaker: Wouter TORSIN \u2013 HEC Li\u00e8ge abstract This paper investigates\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ieseg.fr\/en\/events\/research-seminar-market-reactions-to-sexual-minority-appointments-in-corporate-leadership\/\" \/>\n<meta property=\"og:site_name\" content=\"I\u00c9SEG\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/pages\/IESEG-School-of-Management\/358733860458?fref=ts\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/2024\/11\/banniere-conference-event-EN.jpg\" \/>\n<meta name=\"author\" content=\"Anna BARRALIS\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@IESEG\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.ieseg.fr\/#organization\",\"name\":\"Ieseg\",\"url\":\"https:\/\/www.ieseg.fr\/\",\"sameAs\":[\"https:\/\/www.linkedin.com\/edu\/school?id=12453\",\"https:\/\/www.youtube.com\/user\/IESEGChannel\",\"https:\/\/www.facebook.com\/pages\/IESEG-School-of-Management\/358733860458?fref=ts\",\"https:\/\/twitter.com\/IESEG\"],\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ieseg.fr\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/IESEG-Logo-2012-rgb.jpg\",\"contentUrl\":\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/IESEG-Logo-2012-rgb.jpg\",\"width\":\"1000\",\"height\":\"311\",\"caption\":\"Ieseg\"},\"image\":{\"@id\":\"https:\/\/www.ieseg.fr\/#\/schema\/logo\/image\/\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ieseg.fr\/#website\",\"url\":\"https:\/\/www.ieseg.fr\/\",\"name\":\"I\u00c9SEG\",\"description\":\"School of Management\",\"publisher\":{\"@id\":\"https:\/\/www.ieseg.fr\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ieseg.fr\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.ieseg.fr\/en\/events\/research-seminar-market-reactions-to-sexual-minority-appointments-in-corporate-leadership\/#primaryimage\",\"url\":\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/2024\/11\/banniere-conference-event-EN.jpg\",\"contentUrl\":\"https:\/\/www.ieseg.fr\/wp-content\/uploads\/2024\/11\/banniere-conference-event-EN.jpg\",\"width\":880,\"height\":280},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ieseg.fr\/en\/events\/research-seminar-market-reactions-to-sexual-minority-appointments-in-corporate-leadership\/#webpage\",\"url\":\"https:\/\/www.ieseg.fr\/en\/events\/research-seminar-market-reactions-to-sexual-minority-appointments-in-corporate-leadership\/\",\"name\":\"[Research Seminar] Market Reactions to Sexual Minority Appointments in Corporate Leadership - I\u00c9SEG\",\"isPartOf\":{\"@id\":\"https:\/\/www.ieseg.fr\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.ieseg.fr\/en\/events\/research-seminar-market-reactions-to-sexual-minority-appointments-in-corporate-leadership\/#primaryimage\"},\"datePublished\":\"2025-10-13T14:25:59+00:00\",\"dateModified\":\"2025-10-13T14:25:59+00:00\",\"description\":\"October 30th, 20252pm \u2013 3:30pm in Village Building (E033) &amp; 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