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

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  • Hoang, Tuyen Thanh
  • Nguyen, Cuong Viet
  • Phung, Tung Duc

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.

Suggested Citation

  • Hoang, Tuyen Thanh & Nguyen, Cuong Viet & Phung, Tung Duc, 2019. "Do Male CEOs Really Run Firms Better than Female Counterparts? New Evidence from Vietnam," Hitotsubashi Journal of Economics, Hitotsubashi University, vol. 60(2), pages 121-140, December.
    • Handle: RePEc:hit:hitjec:v:60:y:2019:i:2:p:121-140
    DOI: 10.15057/30786
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    1. María José Ibáñez & Felipe Vásquez Lavin & Roberto D. Ponce Oliva, 2023. "Female Underperformance Hypothesis Revisited: Methodological Review and Empirical Testing," SAGE Open, , vol. 13(4), pages 21582440231, December.

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    More about this item

    Keywords

    CEO gender; firm performance; gender gap; labor; Vietnam;
    All these keywords.

    JEL classification:

    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • J54 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Producer Cooperatives; Labor Managed Firms
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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