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Articles by Maksims Dzabarovs
Boardroom racial diversity: Evidence from the Black Lives Matter protests
Abstract Research Question/Issue This paper provides evidence that the Black Lives Matter (BLM) protests that followed the killing of George Floyd on May 25, 2020, brought immediate changes to the US corporate boards. Research Findings/Insights Using a sample of S&P 500 index companies, we find that companies with higher representation of Black directors are associated with higher stock returns during the mass BLM protests.
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