Do Male CEOs Really Run Firms Better than Female Counterparts? New Evidence from Vietnam
Tuyen Thanh Hoang,
Cuong Nguyen () and
Hitotsubashi Journal of Economics, 2019, vol. 60, issue 2, 121-140
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)
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Persistent link: https://EconPapers.repec.org/RePEc:hit:hitjec:v:60:y:2019:i:2:p:121-140
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