Female CEOs, Returns and Risk in Spanish Publishing Firms
This study examines the influence of CEO gender on returns and risk for a sample of 2,157 Spanish publishing firms in 2013. The publishing sector is relevant in Spain, in terms of output, because of its positive contribution to the cultural sector's trade balance and also because it plays a key...
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| Veröffentlicht in: | European management review 2018-03, Vol.15 (1), p.111-120 |
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| container_title | European management review |
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| creator | Martín‐Ugedo, Juan Francisco Mínguez‐Vera, Antonio Palma‐Martos, Luis |
| description | This study examines the influence of CEO gender on returns and risk for a sample of 2,157 Spanish publishing firms in 2013. The publishing sector is relevant in Spain, in terms of output, because of its positive contribution to the cultural sector's trade balance and also because it plays a key strategic role in a knowledge‐based society. Previous evidence suggests that women in senior management position affect the performance of firms and also the level of risk that the firm is exposed to. Our results show that publishing companies whose CEO is female have greater returns. This result is observed when both the return on assets and the return on equity are considered as the dependent variable. When we focus on risk, we find a lower debt level and lower financial leverage when the CEO is a woman. |
| doi_str_mv | 10.1111/emre.12132 |
| format | Article |
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| ispartof | European management review, 2018-03, Vol.15 (1), p.111-120 |
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| language | eng |
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| source | Wiley Online Library Journals Frontfile Complete; Business Source Complete |
| subjects | Chief executive officers Chief executives Companies gender Leverage Publishing publishing firms Publishing industry return risk Women |
| title | Female CEOs, Returns and Risk in Spanish Publishing Firms |
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