Gender Interactions Within the Family Firm

• 成果类型: Article
• 署名作者: Amore, Mario Daniele; Garofalo, Orsola; Minichilli, Alessandro
• 署名单位: Bocconi University; Autonomous University of Barcelona
• 刊物名称: MANAGEMENT SCIENCE
• ISSN/ISSBN: 0025-1909
• DOI: 10.1287/mnsc.2013.1824
• 发表日期: 2014
• 页码: 1083-1097
• 关键词: female CEOs; female directors; firm performance

摘要

We analyze whether gender interactions at the top of the corporate hierarchy affect corporate performance. Using a comprehensive data set of family-controlled firms in Italy, we find that female directors significantly improve the operating profitability of female-led companies. To mitigate endogeneity concerns, we assess executive transitions using a triple-difference approach complemented by propensity score matching and instrumental variables. Finally, we show that the positive effect of female interactions on profitability is reduced when the firm is located in geographic areas characterized by gender prejudices and when the firm is large.