Women on Top Management Teams and Firm Performance in German Medium-Sized Enterprises: The Moderating Role of Recruiting Source

Kristina Reineke (), Holger Steinmetz (), Rodrigo Isidor () and Rüdiger Kabst ()
Additional contact information
Kristina Reineke: University of Paderborn
Holger Steinmetz: Leibniz Institute for Psychology Information
Rodrigo Isidor: University of Bayreuth
Rüdiger Kabst: University of Paderborn

No 60, Working Papers Dissertations from Paderborn University, Faculty of Business Administration and Economics

Abstract: Despite substantial research, evidence regarding the relationship between the proportion of women on top management teams (TMTs) and firm performance is still inconclusive. Building on upper echelons theory, this paper expands the discussion of potential moderating effects in this regard by applying a complementary perspective to the commonly studied organization-oriented factors. Applying a person-oriented perspective to the composition of TMTs, this study argues that the recruiting source of TMT members - whether members were recruited from the owner's family, from the internal job market or the external job market - leads to differences in the job-relevant characteristics of TMT members. Consequently, the recruiting source should moderate the relationship between TMT gender composition and performance. Our analysis of 1025 German medium-sized enterprises (MEs) shows that there is no main effect of the proportion of women on firm performance. However, recruiting from the owner's family and the internal labor market have a significant negative moderating influence on the relationship between the proportion of women on TMTs and firm performance. Conversely, hiring externally exerts a significant positive effect.

Keywords: top management team; gender; proportion of women; performance; person-oriented moderators; recruiting (search for similar items in EconPapers)
JEL-codes: J16 L25 M12 M14 (search for similar items in EconPapers)
Pages: 32
Date: 2020-04
New Economics Papers: this item is included in nep-cse, nep-eur, nep-gen, nep-hrm and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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