Female Hires and the Success of Start-up Firms
In this paper we investigate the relationship between females among the first hires of start-up companies and business success. Our results show that firms with female first hires have a higher share of female workers at the end of the first year after entry. Further, we find that firms with female first hires are more successful and stay longer in the market. We conclude that our results support the hypothesis that gender-diversity in leading positions is an advantage for start-up firms.
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- Thomas Hellmann & Manju Puri, 2002.
"Venture Capital and the Professionalization of Start-Up Firms: Empirical Evidence,"
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1944, Institute for the Study of Labor (IZA).
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- Justin Wolfers, 2006. "Diagnosing Discrimination: Stock Returns and CEO Gender," NBER Working Papers 11989, National Bureau of Economic Research, Inc.
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- Adams, Renée B. & Ferreira, Daniel, 2008.
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CEI Working Paper Series
2008-7, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
- Adams, Renée B. & Ferreira, Daniel, 2009. "Women in the boardroom and their impact on governance and performance," Journal of Financial Economics, Elsevier, vol. 94(2), pages 291-309, November.
- Benedetto, Gary & Haltiwanger, John & Lane, Julia & McKinney, Kevin, 2007. "Using Worker Flows to Measure Firm Dynamics," Journal of Business & Economic Statistics, American Statistical Association, vol. 25, pages 299-313, July.
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