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Women Leaders and Social Performance: Evidence from Financial Cooperatives in Senegal

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  • Périlleux, Anaïs
  • Szafarz, Ariane

Abstract

How do women leaders such as board members and top managers influence the social performance of organizations? This paper addresses the question by exploiting a unique database from a Senegalese network of 36 financial cooperatives. We scrutinize the loan-granting decisions, made jointly by the locally elected board and the top manager assigned by the central union of the network. Our findings are threefold. First, female-dominated boards favor social orientation. Second, female managers tend to align their strategy with local boards’ preferences. Third, the central union tends to assign male managers to female-dominated boards, probably to curb the boards’ social orientation.

Suggested Citation

  • Périlleux, Anaïs & Szafarz, Ariane, 2015. "Women Leaders and Social Performance: Evidence from Financial Cooperatives in Senegal," World Development, Elsevier, vol. 74(C), pages 437-452.
  • Handle: RePEc:eee:wdevel:v:74:y:2015:i:c:p:437-452
    DOI: 10.1016/j.worlddev.2015.05.011
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    1. repec:kap:sbusec:v:49:y:2017:i:2:d:10.1007_s11187-016-9824-8 is not listed on IDEAS
    2. Sekkat, Khalid & Szafarz, Ariane & Tojerow, Ilan, 2015. "Women at the Top in Developing Countries: Evidence from Firm-Level Data," IZA Discussion Papers 9537, Institute for the Study of Labor (IZA).
    3. Daudi Pascal & Leif Atle Beisland & Roy Mersland, 2016. "The origin of CEOs and its influence on microfinance performance and risk-taking," Working Papers CEB 16-046, ULB -- Universite Libre de Bruxelles.

    More about this item

    Keywords

    gender; leadership; governance; microfinance; Africa; Senegal;

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • J54 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Producer Cooperatives; Labor Managed Firms
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa
    • L31 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Nonprofit Institutions; NGOs; Social Entrepreneurship

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