CEO Gender Bias in the Formation of Firm-to-Firm Transactions

Yutaro Izumi, Hitoshi Shigeoka and Masayuki Yagasaki

No 31616, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: This study examines an unexplored channel of female CEO disadvantage: CEO gender bias in forming business networks. Using supplier-buyer linkage data from Japanese firms, we find that CEOs of the same gender are more likely to trade than those of the opposite gender, particularly in small and medium-sized rms. As most CEOs are male, this same-gender bias restricts the trading opportunities for female CEOs compared with their male counterparts. Our CEO survey revealed frictions that hinder cross-gender encounters, suggesting that creating venues to promote female-male CEO interactions could effectively achieve gender equity through expanding the business networks of female CEOs.

JEL-codes: D22 J16 (search for similar items in EconPapers)
Date: 2023-08
New Economics Papers: this item is included in nep-bec, nep-gen and nep-lab
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