 Female Employment and Firm Performance: An empirical analysis using firm panel data (Japanese)Discussion Papers (Japanese) from Research Institute of Economy, Trade and Industry (RIETI) Abstract: This paper overviews the situation of female employment in listed Japanese companies using firm-level panel data after the 2000s, and demonstrates whether those companies utilizing female employment earn higher profits. The estimation results of fixed effect models show that a higher female proportion among regular employees significantly raises a company's profit rates, as measured by the return on assets. Particularly, it is shown that those firms with a female proportion of 30% to 40%, as well as with a higher female proportion among employees in their 30s, tend to earn higher profits with all things equal. In addition, those firms with better work-life balance practices or higher turnover rates have higher profit rates. Although the female proportion among managerial employees has no effect on company profit, medium-sized companies or those with a higher retention rate of newly hired female college graduates tend to see positive effects of higher female manager proportions. These results imply that higher female proportions could increase a company's profit not only by the reduced personnel cost explained by Becker's discrimination theory but also by the increased productivity due to the utilization of female workers' higher ability and skills. Pages: 28 pages Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eti:rdpsjp:14016 Access Statistics for this paper More papers in Discussion Papers (Japanese) from Research Institute of Economy, Trade and Industry (RIETI) Contact information at EDIRC. |
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