Shattering the glass ceiling: Female leadership and acquisitiveness in family and nonfamily firms

Barbara Sveva Magnanelli, Luca Pirolo and Elisa Raoli

Finance Research Letters, 2024, vol. 67, issue PA

Abstract: This research investigates the impact of female CEOs on mergers and acquisitions (M&As) in family and nonfamily firms. With a sample of 165 Italian listed companies engaged in M&As from 2011 to 2016, the study explores whether CEO gender impacts on firm's acquisitiveness in family and nonfamily firms. Findings indicate that having a female CEO is associated with lower acquisitiveness overall. However, this trend is not consistently observed in family firms, challenging conventional assumptions. This research contributes to understanding the nuanced dynamics of female leadership and M&As, shedding light on the role of CEO gender in distinct ownership contexts.

Keywords: M&As; Family firm; CEO; Female leadership; Diversity (search for similar items in EconPapers)
JEL-codes: G34 M12 M14 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:67:y:2024:i:pa:s1544612324008249

DOI: 10.1016/j.frl.2024.105794

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