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Gender Interactions Within the Family Firm

Author

Listed:
  • Mario Daniele Amore

    () (Department of Management and Technology, Bocconi University, 20136 Milan, Italy)

  • Orsola Garofalo

    () (Department of Business Economics, Universitat Autònoma de Barcelona, 08193 Barcelona (Bellaterra), Spain)

  • Alessandro Minichilli

    () (Department of Management and Technology, Bocconi University, 20136 Milan, Italy)

Abstract

We analyze whether gender interactions at the top of the corporate hierarchy affect corporate performance. Using a comprehensive data set of family-controlled firms in Italy, we find that female directors significantly improve the operating profitability of female-led companies. To mitigate endogeneity concerns, we assess executive transitions using a triple-difference approach complemented by propensity score matching and instrumental variables. Finally, we show that the positive effect of female interactions on profitability is reduced when the firm is located in geographic areas characterized by gender prejudices and when the firm is large. This paper was accepted by Brad Barber, finance .

Suggested Citation

  • Mario Daniele Amore & Orsola Garofalo & Alessandro Minichilli, 2014. "Gender Interactions Within the Family Firm," Management Science, INFORMS, vol. 60(5), pages 1083-1097, May.
  • Handle: RePEc:inm:ormnsc:v:60:y:2014:i:5:p:1083-1097
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    File URL: http://dx.doi.org/10.1287/mnsc.2013.1824
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Chiara Pronzato & Paola Profeta & Valeria Ferraro & Giulia Ferrari, 2016. "Gender Quotas: Challenging the Boards, Performance, and the Stock Market," Working Papers id:11411, eSocialSciences.
    2. repec:bla:stratm:v:38:y:2017:i:3:p:487-505 is not listed on IDEAS
    3. repec:eee:finana:v:62:y:2019:i:c:p:80-90 is not listed on IDEAS
    4. repec:eee:fambus:v:9:y:2018:i:4:p:238-249 is not listed on IDEAS
    5. repec:kap:jbuset:v:152:y:2018:i:2:d:10.1007_s10551-016-3295-3 is not listed on IDEAS
    6. Víctor Alonso Baldrich Mora, 2019. "Mujeres en juntas directivas en Colombia y su efecto sobre el desempeño financiero de las empresas," Documentos CEDE 017140, Universidad de los Andes - CEDE.
    7. Alessandro Minichilli & Mattias Nordqvist & Guido Corbetta & Mario Daniele Amore, 2014. "CEO Succession Mechanisms, Organizational Context, and Performance: A Socio-Emotional Wealth Perspective on Family-Controlled Firms," Journal of Management Studies, Wiley Blackwell, vol. 51(7), pages 1153-1179, November.
    8. Ferrari, Giulia & Ferraro, Valeria & Profeta, Paola & Pronzato, Chiara D., 2018. "Do Board Gender Quotas Matter? Selection, Performance and Stock Market Effects," IZA Discussion Papers 11462, Institute of Labor Economics (IZA).
    9. Amore, Mario Daniele & Garofalo, Orsola, 2016. "Executive gender, competitive pressures, and corporate performance," Journal of Economic Behavior & Organization, Elsevier, vol. 131(PA), pages 308-327.
    10. repec:eee:jfinin:v:36:y:2018:i:c:p:86-100 is not listed on IDEAS
    11. repec:eee:fambus:v:8:y:2017:i:4:p:200-212 is not listed on IDEAS
    12. repec:gam:jsusta:v:10:y:2018:i:11:p:4163-:d:182291 is not listed on IDEAS
    13. repec:eee:corfin:v:46:y:2017:i:c:p:461-476 is not listed on IDEAS
    14. repec:eee:jbvent:v:32:y:2017:i:6:p:674-693 is not listed on IDEAS
    15. repec:eee:fambus:v:9:y:2018:i:1:p:16-26 is not listed on IDEAS
    16. repec:eee:exehis:v:65:y:2017:i:c:p:106-114 is not listed on IDEAS
    17. repec:eee:bushor:v:62:y:2019:i:1:p:105-115 is not listed on IDEAS

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    Keywords

    female CEOs; female directors; firm performance;

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