{"title":"Gender Differences and Firm Performance: Evidence from India","authors":"Aditi Roy","doi":"10.1515/bejeap-2022-0049","DOIUrl":null,"url":null,"abstract":"Abstract Despite a growing literature investigating the effect of gender diversity of CEOs and firm performance, the answer is still unclear. This study estimates the effect of gender differences in ownership and Leadership (CEOs) on firm performance simultaneously. The paper exploits a unique data from more than 9000 Indian firms by using fixed effects and propensity score matching techniques. Findings reveal a positive significant effect of female CEOs on firm performance but no definite effect of female owners on firm performance. The effect is more prominent in progressive and high-sex ratio states in India. Third, the evidence suggests potential payoffs to firms that adopt gender-inclusive policies intended to increase the share of female CEOs in India. Results confirm no bias from unobservable covariates.","PeriodicalId":47400,"journal":{"name":"B E Journal of Economic Analysis & Policy","volume":"28 1","pages":"0"},"PeriodicalIF":1.1000,"publicationDate":"2023-10-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"B E Journal of Economic Analysis & Policy","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1515/bejeap-2022-0049","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
Abstract Despite a growing literature investigating the effect of gender diversity of CEOs and firm performance, the answer is still unclear. This study estimates the effect of gender differences in ownership and Leadership (CEOs) on firm performance simultaneously. The paper exploits a unique data from more than 9000 Indian firms by using fixed effects and propensity score matching techniques. Findings reveal a positive significant effect of female CEOs on firm performance but no definite effect of female owners on firm performance. The effect is more prominent in progressive and high-sex ratio states in India. Third, the evidence suggests potential payoffs to firms that adopt gender-inclusive policies intended to increase the share of female CEOs in India. Results confirm no bias from unobservable covariates.
期刊介绍：
The B.E. Journal of Economic Analysis & Policy welcomes submissions that employ microeconomics to analyze issues in business, consumer behavior, and public policy. We aim to be an international forum for scholarship, whether the scholarship considers an issue that is general or that pertains to a particular country or region, but authors should bear in mind that our readers come from around the world. Potential issues of interest include: the interaction of firms, the functioning of markets, the effects of domestic and international policy, and the design of organizations and institutions.
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