Do Female Executives Make a Difference? The Impact of Female Leadership on Gender Gaps and Firm Performance

Mario Macis, Fabiano Schivardi, Andrea Moro and Luca Flabbi

No 392, 2015 Meeting Papers from Society for Economic Dynamics

Abstract: We analyze a matched employer-employee panel data set and find that female leadership has a positive effect on female wages at the top of the distribution, and a negative one at the bottom. Moreover, performance in firms with female leadership increases with the share of female workers. This evidence is consistent with a model where female executives are better equipped at interpreting signals of productivity from female workers. This suggests substantial costs of under-representation of women at the top: for example, if women became CEOs of firms with at least 20% female employment, sales per worker would increase 6.7%.

Date: 2015
New Economics Papers: this item is included in nep-bec, nep-cse, nep-dem and nep-hrm
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Related works:
Journal Article: Do Female Executives Make a Difference? The Impact of Female Leadership on Gender Gaps and Firm Performance (2019)
Working Paper: Do Female Executives Make a Difference? The Impact of Female Leadreship on Gender Gaps and Firm Performance (2018)
Working Paper: Do Female Executives Make a Difference? The Impact of Female Leadership on Gender Gaps and Firm Performance (2016)
Working Paper: Do Female Executives Make a Difference? The Impact of Female Leadership on Gender Gaps and Firm Performance (2015)
Working Paper: Do Female Executives Make a Difference? The Impact of Female Leadership on Gender Gaps and Firm Performance (2014)
Working Paper: Do Female Executives Make a Difference? The Impact of Female Leadership on Gender Gaps and Firm Performance (2014)
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