The moderating effect of innovation on the gender and performance relationship in the outset of the gender revolution

Laura Cabeza-García (), Esther B. Brío () and Carlos Rueda ()
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Laura Cabeza-García: University of León
Esther B. Brío: IME, Center of Women’s Studies, University of Salamanca
Carlos Rueda: University of Salamanca

Review of Managerial Science, 2021, vol. 15, issue 3, No 8, 755-778

Abstract: Abstract The presence of women on boards of directors has become a social and economic demand. The relation between their presence on the board of directors and improved firm performance has already been studied. This paper aims to shed light on this topic by providing the first test as to how the level of innovation in the company may moderate this relationship. Our results, for a panel data of 231 European listed firms and based on GMM analysis, show that a critical mass of women positively affects firm performance, and that this effect increases as the firm’s innovation activity increases. We situate the analysis in the outset of the gender revolution in the Western countries to understand the nature of the gender equality process.

Keywords: Board of directors; Critical mass of women; Performance; Innovation (search for similar items in EconPapers)
JEL-codes: M14 O16 P17 Q55 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s11846-019-00367-y

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