Female leadership and firm performance

Arlette Beltran

doi:10.18267/j.pep.695

Female leadership and firm performance

Arlette Beltran

Research output: Contribution to journal › Article in a journal › peer-review

9 Scopus citations

Abstract

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.

Original language	English
Pages (from-to)	363-377
Number of pages	15
Journal	Prague Economic Papers
Volume	28
Issue number	3
DOIs	https://doi.org/10.18267/j.pep.695
State	Published - Jun 2019

Bibliographical note

Publisher Copyright:
© 2019, University of Economics - Prague. All rights reserved.

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 5 Gender Equality
SDG 8 Decent Work and Economic Growth
SDG 10 Reduced Inequalities
SDG 17 Partnerships for the Goals

Keywords

Cross-country data
Firm performance
Gender
Statistical discrimination
gender
cross-country data
statistical discrimination
firm performance

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10.18267/j.pep.695License: CC BY-NC-ND

Cite this

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AB - 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.

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KW - Statistical discrimination

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KW - Firm performance

KW - Gender

KW - Statistical discrimination

KW - gender

KW - cross-country data

KW - statistical discrimination

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M3 - Article in a journal

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EP - 377

JO - Prague Economic Papers

JF - Prague Economic Papers

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ER -

Female leadership and firm performance

Abstract

Bibliographical note

UN SDGs

Keywords

Access to Document

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Desempeño y productividad de la firma: ¿Cuánto aportan las mujeres que la dirigen?

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