A Gendered View of Risk Taking in Venture Philanthropy

Mariarosa Scarlata, Luisa Alemany and Andrew Zacharakis

Journal of Social Entrepreneurship, 2024, vol. 15, issue 1, 100-118

Abstract: Relying on gender-role congruity theory, this paper investigates the relationship between the gender of the top management teams of venture philanthropy firms and their business risk-taking orientation. The research also assesses if and how experience moderates this relationship. Using a combination of survey data to capture the venture philanthropy firm’s risk orientation and biographical data to identify managers’ gender and experience, it finds that only gender affects business risk-orientation in these firms. Surprisingly, this is the opposite direction than expected, whereby teams with a higher proportion of women have a higher risk-taking profile. This suggests the need to revise the applicability of gender role congruity theory, the existence of a gender-bind dilemma, and the relevance of context in venture philanthropy.

Date: 2024
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DOI: 10.1080/19420676.2021.1924840

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