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Do Female Executives Make a Difference? The Impact of Female Leadership on Gender Gaps and Firm Performance

Flabbi, Luca ; Macis, Mario ; Moro, Andrea ; Schivardi, Fabiano

The Economic journal (London), 2019-08, Vol.129 (622), p.2390-2423 [Periódico revisado por pares]

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Título:
Do Female Executives Make a Difference? The Impact of Female Leadership on Gender Gaps and Firm Performance
Autor: Flabbi, Luca ; Macis, Mario ; Moro, Andrea ; Schivardi, Fabiano
Assuntos: Chief executive officers ; Discrimination ; Female employees ; Females ; Gender ; Leadership ; Organizational performance ; Productivity ; Regional variations ; Signals ; Wages & salaries ; Women ; Workers
É parte de: The Economic journal (London), 2019-08, Vol.129 (622), p.2390-2423
Descrição: Abstract 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.
Editor: Oxford: Oxford University Press
Idioma: Inglês

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