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Do Female Executives Make a Difference? The Impact of Female Leadership on Gender Gaps and Firm Performance

Luca Flabbi, Mario Macis (), Andrea Moro () and Fabiano Schivardi ()

No 10228, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We analyze a matched employer-employee panel data set and find that female leadership has a positive effect on female wages at the top of the distribution, and a negative one at the bottom. Moreover, performance in firms with female leadership increases with the share of female workers. This evidence is consistent with a model where female executives are better equipped at interpreting signals of productivity from female workers. This suggests substantial costs of under-representation of women at the top: for example, if women became CEOs of firms with at least 20% female employment, sales per worker would increase 6.7%.

Keywords: executives’ gender; firm performance; gender gap; glass ceiling; statistical discrimination (search for similar items in EconPapers)
JEL-codes: J16 J7 M12 M5 (search for similar items in EconPapers)
Date: 2014-11
New Economics Papers: this item is included in nep-bec, nep-hrm and nep-lab
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (25) Track citations by RSS feed

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Related works:
Journal Article: Do Female Executives Make a Difference? The Impact of Female Leadership on Gender Gaps and Firm Performance (2019) Downloads
Working Paper: Do Female Executives Make a Difference? The Impact of Female Leadership on Gender Gaps and Firm Performance (2016) Downloads
Working Paper: Do Female Executives Make a Difference? The Impact of Female Leadership on Gender Gaps and Firm Performance (2015) Downloads
Working Paper: Do Female Executives Make a Difference? The Impact of Female Leadership on Gender Gaps and Firm Performance (2015) Downloads
Working Paper: Do Female Executives Make a Difference? The Impact of Female Leadership on Gender Gaps and Firm Performance (2014) Downloads
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