Gender Interactions Within the Family Firm

被引:178
作者
Amore, Mario Daniele [1 ]
Garofalo, Orsola [2 ]
Minichilli, Alessandro [1 ]
机构
[1] Bocconi Univ, Dept Management & Technol, I-20136 Milan, Italy
[2] Univ Autonoma Barcelona, Dept Business Econ, E-08193 Barcelona, Bellaterra, Spain
关键词
female CEOs; female directors; firm performance; PANEL-DATA; PERFORMANCE; COMPETITION; OWNERSHIP; IMPACT; BOARDS; STYLE; POWER;
D O I
10.1287/mnsc.2013.1824
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
We analyze whether gender interactions at the top of the corporate hierarchy affect corporate performance. Using a comprehensive data set of family-controlled firms in Italy, we find that female directors significantly improve the operating profitability of female-led companies. To mitigate endogeneity concerns, we assess executive transitions using a triple-difference approach complemented by propensity score matching and instrumental variables. Finally, we show that the positive effect of female interactions on profitability is reduced when the firm is located in geographic areas characterized by gender prejudices and when the firm is large.
引用
收藏
页码:1083 / 1097
页数:15
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