Gender interactions within the family firm

Mario Daniele Amore, Orsola Garofalo, Alessandro Minichilli

    Research output: Contribution to journalArticleResearchpeer-review

    65 Citations (Scopus)

    Abstract

    The 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. © 2014 INFORMS.
    Original languageEnglish
    Pages (from-to)1083-1097
    JournalManagement Science
    Volume60
    Issue number5
    DOIs
    Publication statusPublished - 1 Jan 2014

    Keywords

    • Female Ceos
    • Female directors
    • Firm performance History

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