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The moderating effect of innovation on the gender and performance relationship in the outset of the gender revolution

Author

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  • Laura Cabeza-García

    (University of León)

  • Esther B. Brío

    (IME, Center of Women’s Studies, University of Salamanca)

  • Carlos Rueda

    (University of Salamanca)

Abstract

The presence of women on boards of directors has become a social and economic demand. The relation between their presence on the board of directors and improved firm performance has already been studied. This paper aims to shed light on this topic by providing the first test as to how the level of innovation in the company may moderate this relationship. Our results, for a panel data of 231 European listed firms and based on GMM analysis, show that a critical mass of women positively affects firm performance, and that this effect increases as the firm’s innovation activity increases. We situate the analysis in the outset of the gender revolution in the Western countries to understand the nature of the gender equality process.

Suggested Citation

  • Laura Cabeza-García & Esther B. Brío & Carlos Rueda, 2021. "The moderating effect of innovation on the gender and performance relationship in the outset of the gender revolution," Review of Managerial Science, Springer, vol. 15(3), pages 755-778, April.
    • Handle: RePEc:spr:rvmgts:v:15:y:2021:i:3:d:10.1007_s11846-019-00367-y
    DOI: 10.1007/s11846-019-00367-y
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    Keywords

    Board of directors; Critical mass of women; Performance; Innovation;
    All these keywords.

    JEL classification:

    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • P17 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Performance and Prospects
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation

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