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Female Managers in Hybrid Organizations: Evidence from Financial Cooperatives in Senegal

Author

Listed:
  • Anaïs PERILLEUX

    () (UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES), CIRTES and CERMiI)

  • Ariane SZAFARZ

    () (Université Libre de Bruxelles (ULB), SBS-EM, CEB, and CERMi)

Abstract

This paper brings new insights on gender interaction in the management of hybrid organizations. Our database comes from Union des Mutuelles du Partenariat pour la Mobilisation de l’Epargne et du Crédit au Sénégal (UM-PAMECAS), a Senegalese network made of 38 financial cooperatives providing 419,602 members with micro-loans. We use fixed-effect panel estimation to analyze the interplay of female/male-dominated boards with female/male managers. The regressions explain the average loan size and the proportion of loans granted to women. Our results show that male managers mitigate the social orientation of female-dominated boards. In contrast, female managers tend to enhance this orientation. More puzzling is the influence of female managers associated with male-dominated boards. In this case, the presence of a female manager increases the average loan size and reduces the proportion of loans granted to women. In sum, female managers tend to align their objectives on those of the local board even though their hierarchy is at the central level. They avoid as much as possible conflicts with their local board members.

Suggested Citation

  • Anaïs PERILLEUX & Ariane SZAFARZ, 2014. "Female Managers in Hybrid Organizations: Evidence from Financial Cooperatives in Senegal," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2014018, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
  • Handle: RePEc:ctl:louvir:2014018
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    References listed on IDEAS

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    More about this item

    Keywords

    Gender; Leadership; Board; Microfinance; Financial cooperative; 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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