No debt no performance? CEO gender matters

Anaïs Hamelin, Vivien Lefebvre and Laurent Weill

Economics Letters, 2022, vol. 219, issue C

Abstract: We examine the effect of CEO gender on the relation between having no debt and firm performance on a sample of Italian firms. No debt is associated with higher performance for male-led firms but with lower performance for female-led firms.

Keywords: Zero leverage; Firm performance; CEO; Gender gap (search for similar items in EconPapers)
JEL-codes: G32 J16 L25 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:219:y:2022:i:c:s0165176522003147

DOI: 10.1016/j.econlet.2022.110838

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