Do Women in Top Management Affect Firm Performance? A Panel Study of 2500 Danish Firms
Nina Smith (),
Valdemar Smith () and
Mette Verner ()
No 1708, IZA Discussion Papers from Institute for the Study of Labor (IZA)
Corporate governance literature argues that board diversity is potentially positively related to firm performance. This study examines the relationship in the case of women in top executive jobs and on boards of directors. We use data for the 2500 largest Danish firms observed during the period 1993-2001 and find that the proportion of women in top management jobs tends to have positive effects on firm performance, even after controlling for numerous characteristics of the firm and direction of causality. The results show that the positive effects of women in top management depend on the qualifications of female top managers.
Keywords: female CEOs; firm performance; gender diversity; board diversity (search for similar items in EconPapers)
JEL-codes: G38 J16 M14 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-bec, nep-fin and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (4) Track citations by RSS feed
Published in: International Journal of Productivity and Performance Management, 2006, 55 (7), 569 - 593
Downloads: (external link)
Working Paper: Do Women in Top Management Affect Firm Performance? A Panel Study of 2500 Danish Firms (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: /RePEc:iza:izadps:dp1708
Ordering information: This working paper can be ordered from
IZA, Margard Ody, P.O. Box 7240, D-53072 Bonn, Germany
Access Statistics for this paper
More papers in IZA Discussion Papers from Institute for the Study of Labor (IZA)
Address: IZA, P.O. Box 7240, D-53072 Bonn, Germany
Contact information at EDIRC.
Series data maintained by Mark Fallak ().