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Gender diversity in senior management and firm productivity: Evidence from nine OECD countries

Author

Listed:
  • Clara Kögel

    (OECD)

  • Chiara Criscuolo

    (OECD)

  • Peter Gal

    (OECD)

  • Cyrille Schwellnus

    (OECD)

Abstract

This paper investigates the link between gender diversity in senior management and firm-level productivity. For this purpose, it constructs a novel cross-country dataset with information on firms’ senior management group and other firm characteristics, covering both publicly listed and unlisted firms in manufacturing and non-financial market services across nine OECD countries. The main result from the analysis is that productivity gains from increasing gender diversity in senior management are highest among firms with low initial diversity. Increasing the female share to the sample average of 20% in firms with initially lower shares would increase aggregate productivity by around 0.6%. This suggests that improving women’s access to senior management positions matters not only for equity but could yield significant productivity gains.

Suggested Citation

  • Clara Kögel & Chiara Criscuolo & Peter Gal & Cyrille Schwellnus, 2023. "Gender diversity in senior management and firm productivity: Evidence from nine OECD countries," OECD Productivity Working Papers 34, OECD Publishing.
    • Handle: RePEc:oec:ecoaac:34-en
    DOI: 10.1787/58ad664a-en
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    More about this item

    Keywords

    gender diversity; senior management; total factor productivity;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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