Do Female Executives Make a Difference? The Impact of Female Leadership on Gender Gaps and Firm Performance
By Luca Flabbi, Mario Macis, Andrea Moro, Fabiano Schivardi. Economic Journal, 2019
284 citations recorded by the source corpus.
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.
Subfields: Accounting, Economics and Econometrics, Gender Studies
View Paper: https://www.semanticscholar.org/paper/36c5d4573e3b42e418d390777cc17f29ca360791
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Citations in the corpus
- Women Helping Women? Evidence from Private Sector Data on Workplace Hierarchies (2017, background): “…also contributes to a broader literature on how female business leaders affect lower-ranking workers, including recent studies of compensation levels, gender pay gaps (Flabbi et al., 2014; Tate & Yang, 2015; Cardoso & Winter-Ebmer, 2010), employment, and downsizing (Matsa & Miller, 2013, 2014).”