Family Female Executives and Firm Financial Performance

Pilar Giraldez-Puig and Emma Berenguer
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Pilar Giraldez-Puig: Department of Financial Economics and Accounting, Universidad Pablo de Olavide, 41013 Sevilla, Spain
Emma Berenguer: Department of Financial Economics and Accounting, Universidad Pablo de Olavide, 41013 Sevilla, Spain

Sustainability, 2018, vol. 10, issue 11, 1-15

Abstract: The aim of this paper is to analyze the relationship of family executive women with firm performance in family firms. We have obtained a final sample of 269 family and non-family firms (comprising 3073 firm/year observations) from the Spanish High Council of Chamber (SHCC) website, while data were collected from System for Analysis of Iberian Balances database (SABI) for the period 2000 to 2011. Applying a generalized method of moments (GMM) panel data methodology, we observe a positive effect on the return on assets (ROA) depending on the existence of family ties of executive women. Several implications for the career development of women in family firms arise from our results.

Keywords: gender equality; family firms; family involvement (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:10:y:2018:i:11:p:4163-:d:182291

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