DO FEMALE EXECUTIVES MAKE A DIFFERENCE? THE IMPACT OF FEMALE LEADERSHIP ON GENDER GAPS AND FIRM PERFORMANCE
We investigate the effects of female executives on gender-specific wage distributions and firm performance. Female leadership has a positive impact at the top of the female wage distribution and a negative impact at the bottom. The impact of female leadership on firm performance increases with the s...
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| Veröffentlicht in: | The Economic journal (London) 2019-08, Vol.129 (622), p.2390-2423 |
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| container_title | The Economic journal (London) |
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| creator | Flabbi, Luca Macis, Mario Moro, Andrea Schivardi, Fabiano |
| description | We investigate the effects of female executives on gender-specific wage distributions and firm performance. Female leadership has a positive impact at the top of the female wage distribution and a negative impact at the bottom. The impact of female leadership on firm performance increases with the share of female workers. We account for the endogeneity induced by non-random executives’ gender by including firm fixed-effects, by generating controls from a two-way fixed-effects regression and by using instruments based on regional trends. The findings are consistent with a model of statistical discrimination in which female executives are better at interpreting signals of productivity from female workers. This suggests substantial costs of women under-representation among executives. |
| doi_str_mv | 10.1093/ej/uez012 |
| format | Article |
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| ispartof | The Economic journal (London), 2019-08, Vol.129 (622), p.2390-2423 |
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| source | Business Source Complete (EBSCO); Oxford Journals |
| subjects | Chief executive officers Discrimination Economic theory Female employees Females Gender Industrie Italien Leadership Organizational performance Panel Productivity Unternehmenserfolg Wages & salaries Weibliche Führungskräfte Women Workers |
| title | DO FEMALE EXECUTIVES MAKE A DIFFERENCE? THE IMPACT OF FEMALE LEADERSHIP ON GENDER GAPS AND FIRM PERFORMANCE |
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