Female top managers and firm performance

This paper uses firm-level data worldwide to investigate productivity gaps between female and male-managed companies in developing and developed countries and compare the outcomes obtained for different regions in the world. The main aim is to shed some light on the debate around the existence of pe...

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Main Author: Inmaculada Martínez-Zarzoso
Format: Article
Language:English
Published: Public Library of Science (PLoS) 2023-01-01
Series:PLoS ONE
Online Access:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9931137/?tool=EBI
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author Inmaculada Martínez-Zarzoso
author_facet Inmaculada Martínez-Zarzoso
author_sort Inmaculada Martínez-Zarzoso
collection DOAJ
description This paper uses firm-level data worldwide to investigate productivity gaps between female and male-managed companies in developing and developed countries and compare the outcomes obtained for different regions in the world. The main aim is to shed some light on the debate around the existence of performance differences when females participate in managerial activities. The main results indicate that it is crucial to distinguish between female management and female ownership and the confluence between both. We find that when the firms have a top female manager and ownership is exclusively male, firms show higher average labor productivity. We argue that firms owned by males belong to male-dominated corporate culture and would only select a female manager if she is more competent than potential male candidates. These results are very heterogeneous among regions, of which South Saharan Africa, East Asia, and South Asia are driving the main results.
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spelling doaj.art-5d56363b96ae4dd8bcdf36281fc9e39e2023-02-18T05:31:33ZengPublic Library of Science (PLoS)PLoS ONE1932-62032023-01-01182Female top managers and firm performanceInmaculada Martínez-ZarzosoThis paper uses firm-level data worldwide to investigate productivity gaps between female and male-managed companies in developing and developed countries and compare the outcomes obtained for different regions in the world. The main aim is to shed some light on the debate around the existence of performance differences when females participate in managerial activities. The main results indicate that it is crucial to distinguish between female management and female ownership and the confluence between both. We find that when the firms have a top female manager and ownership is exclusively male, firms show higher average labor productivity. We argue that firms owned by males belong to male-dominated corporate culture and would only select a female manager if she is more competent than potential male candidates. These results are very heterogeneous among regions, of which South Saharan Africa, East Asia, and South Asia are driving the main results.https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9931137/?tool=EBI
spellingShingle Inmaculada Martínez-Zarzoso
Female top managers and firm performance
PLoS ONE
title Female top managers and firm performance
title_full Female top managers and firm performance
title_fullStr Female top managers and firm performance
title_full_unstemmed Female top managers and firm performance
title_short Female top managers and firm performance
title_sort female top managers and firm performance
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9931137/?tool=EBI
work_keys_str_mv AT inmaculadamartinezzarzoso femaletopmanagersandfirmperformance