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Do Female Executives Make a Difference? The Impact of Female Leadership on Gender Gaps and Firm Performance

Listed author(s):
  • Flabbi, Luca
  • Macis, Mario
  • Moro, Andrea
  • Schivardi, Fabiano

We analyze a matched employer-employee panel data set and find that female leadership has a positive effect on female wages at the top of the distribution, and a negative one at the bottom. Moreover, performance in firms with female leadership increases with the share of female workers. This evidence is consistent with a model where female executives are better equipped at interpreting signals of productivity from female workers. This suggests substantial costs of under-representation of women at the top: for example, if women became CEOs of firms with at least 20% female employment, sales per worker would increase 6.7%.

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Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 10228.

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Date of creation: Nov 2014
Handle: RePEc:cpr:ceprdp:10228
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