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Do Male CEOs Really Run Firms Better than Female Counterparts? New Evidence from Vietnam

Tuyen Thanh Hoang, Cuong Nguyen () and Tung Phung

Hitotsubashi Journal of Economics, 2019, vol. 60, issue 2, 121-140

Abstract: Using firm fixed-effects regression and data from Vietnamʼs Enterprise Censuses, this study aims to test the female underperformance hypothesis. Our findings decisively undermine these hypotheses. Female-managed firms are smaller than male-managed ones. However, once observed variables and firm fixed-effects are controlled for, female-managed firms have higher revenues and return on assets and capital than male-managed firms. Female-managed firms are more likely to employ female workers and provide more jobs with social insurance. Compared with male-managed firms, moreover, female-managed firms have a higher tax payment rate as well as a higher tax payment amounts.

Keywords: CEO gender; firm performance; gender gap; labor; Vietnam (search for similar items in EconPapers)
JEL-codes: J16 J54 L25 (search for similar items in EconPapers)
Date: 2019
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DOI: 10.15057/30786

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Handle: RePEc:hit:hitjec:v:60:y:2019:i:2:p:121-140