Prague Economic Papers 2019, 28(3):363-377 | DOI: 10.18267/j.pep.695
Female Leadership and Firm Performance
- Arlette Beltran, Academic Department of Economics,Universidad del Pacífico, Lima, Peru
This study explores whether companies´ experience benefits when the firm's CEO and owner are both women. It employs data from the 2009-2014 World Bank Enterprise Surveys (WBES) to measure firms' performance through growth in sales and productivity. Potential endogeneity was corrected by using the UN Gender Development Index and the average fertility rate as they comply with the exclusion restrictions. The paper uses the Control Function method with a Probit first stage estimation and an OLS main equation. The findings suggest that a female owner strengthens the female CEO's business skills and leads to better firm performance than when the CEO is a woman and the owner is a man.
Klíčová slova: firm performance, gender, statistical discrimination, cross-country data
JEL classification: J16, L25, M51, O10
Přijato: 23. duben 2018; Zveřejněno: 10. červenec 2019 Zobrazit citaci
Reference
- Ahern, K., Dittmar, A. (2012). The Changing of the Boards: The Impact on Firm Valuation of Mandated Female Board Representation. The Quarterly Journal of Economics, 127(1), 137-197, https://doi.org/10.2139/ssrn.1364470
Přejít k původnímu zdroji...
- Angrist, J., Evans, W. (1998). Children and Their Parents' Labor Supply: Evidence from Exogenous Variation in Family Size. The American Economic Review, 88(3), 450-477, https://doi.org/10.3386/w5778
Přejít k původnímu zdroji...
- Bardasi, E., Sabarwal, S., Terrell, K. (2011). How Do Female Entrepreneurs Perform ? Evidence from Three Developing Regions. Small Business Economics, 37(4), 417-441, https://doi.org/10.1007/s11187-011-9374-z
Přejít k původnímu zdroji...
- Blau, P. (1977). Inequality and Heterogeneity: A Primitive Theory of Social Structure. Nueva York: The Free Press. ISBN 978-0029036600.
- Campbell, K., Mínguez-Vera, A. (2008). Gender Diversity in the Boardroom and Firm Financial Performance. Journal of Business Ethics, 83(3), 435-451, https://doi.org/10.1007/s10551-007-9630-y
Přejít k původnímu zdroji...
- Cliff, J. (1998). Does One Size Fit All? Exploring the Relationship between Attitudes Towards Growth, Gender, and Business Size. Journal of Business Venturing, 13(6), 523-542, https://doi.org/10.1016/S0883-9026(97)00071-2
Přejít k původnímu zdroji...
- Cruces, C., Galiani, S. (2007). Fertility and Female Labor Supply in Latin America: New Causal Evidence. Labour Economics, 14(3), 565-573, https://doi.org/10.1016/j.labeco.2005.10.006
Přejít k původnímu zdroji...
- Davis, S., Haltiwanger, J. (1992). Gross Job Creation and Destruction, and Employment Reallocation. Quearterly Journal of Economics, 104(4), 671-698, https://doi.org/10.2307/2118365
Přejít k původnímu zdroji...
- Dezső, C., Ross, D. (2008). 'Girl Power': Female Participation in Top Management and Firm Performance. University of Maryland and Columbia Business School.
- Dobbs, R., Koller, T. (2005). Measuring Long-term Performance, in Koller, T., Goedhart, M., Wessels, D., eds., Valuation: Measuring and Managing the Value of the Company. New Jersey: John Wiley and sons.
- Fernandez-Baca, J. (2011). Organización Industrial, segunda edición. Lima: Universidad del Pacífico.
- Fisman, R., Svensson, J. (2007). Are Corruption and Taxation Really Harmful to Growth? Firm Level Evidence. Journal of Development Economics, 83(1), 63-75, https://doi.org/10.1016/j.jdeveco.2005.09.009
Přejít k původnímu zdroji...
- Flabbi, L., Macis, M., Moro, A., Schivardi, F. (2014). Do Female Executives Make a Difference? The Impact of Female Leardership on Gender Gaps and Firm Performance. CEPR. Discussion Paper No. DP10228, https://doi.org/10.13140/RG.2.1.4334.7925
Přejít k původnímu zdroji...
- Kepler, E., Shane, S. (2007). Are Male and Female Entrepreneurs Really that Different? U.S. Small Business Administration.
- Morris, M., Miyasaki, N., Watters, C., Coombes, S. (2006). The Dilemma of Growth: Understanding Venture Size Choices of Women Entrepreneurs. Journal of Small Business Management, (44)2, 221-244, https://doi.org/10.1111/j.1540-627X.2006.00165.x
Přejít k původnímu zdroji...
- Navarro, A. I., Gallo, A. (2014). The Female CEO in Developing Countries' Firms, https://doi.org/10.2139/ssrn.2405558
Přejít k původnímu zdroji...
- OIT (2015). La mujer en la gestión. Cobrando Impulso. Ginebra: OIT. (ILO (2015). Women in Business and Management. Gaining momentum in Latin America and the Caribbean. Ginebra: ILO)
- Phelps, E. (1972). The Statistical Theory of Racism and Sexism. The American Economic Review, 62(4), 659-661.
- Ponczek, V., Souza, A. (2012). New Evidence of the Causal Effect of Family Size on Child Quality in a Developing Country. The Journal of human resources, 47(1), 64-106, https://doi.org/10.1353/jhr.2012.0006
Přejít k původnímu zdroji...
- Shanon, C. (1948). A Mathematical Theory of Communication. Bell System Technnical Journal, 27(4), 623-656, https://doi.org/10.1002/j.1538-7305.1948.tb00917.x
Přejít k původnímu zdroji...
- Wooldridge, J. (2002). Econometric Analysis of Cross Sectiion and Panel Data. Massachusetts: MIT Press. ISBN 9780262232197.
- Wooldridge, J. (2015). Control Function Methods in Applied Econometrics. The Journal of Human Resources, 50(2), 420-445, https://doi.org/10.3368/jhr.50.2.420
Přejít k původnímu zdroji...
- World Bank (2014). Enterprise Surveys: Indicator Descriptions. Washington: World Bank.
Tento článek je publikován v režimu tzv. otevřeného přístupu k vědeckým informacím (Open Access), který je distribuován pod licencí Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License (CC BY NC ND 4.0), která umožňuje nekomerční distribuci, reprodukci a změny, pokud je původní dílo řádně ocitováno. Není povolena distribuce, reprodukce nebo změna, která není v souladu s podmínkami této licence.