Gender Differences and Firm Performance: Evidence from India-Reference-Cited by-同舟云学术

Gender Differences and Firm Performance: Evidence from India

Published:2023-10-16 Issue:1 Volume:24 Page:1-34
ISSN:1935-1682
Container-title:The B.E. Journal of Economic Analysis & Policy
language:en
Short-container-title:

Author:

Roy Aditi¹

Affiliation:

1. School of Economics and Public Policy , University of Adelaide , Adelaide , Australia

Abstract

Abstract Despite a growing literature investigating the effect of gender diversity of CEOs and firm performance, the answer is still unclear. This study estimates the effect of gender differences in ownership and Leadership (CEOs) on firm performance simultaneously. The paper exploits a unique data from more than 9000 Indian firms by using fixed effects and propensity score matching techniques. Findings reveal a positive significant effect of female CEOs on firm performance but no definite effect of female owners on firm performance. The effect is more prominent in progressive and high-sex ratio states in India. Third, the evidence suggests potential payoffs to firms that adopt gender-inclusive policies intended to increase the share of female CEOs in India. Results confirm no bias from unobservable covariates.

Funder

University of Adelaide

Publisher

Walter de Gruyter GmbH

Subject

Economics, Econometrics and Finance (miscellaneous),Economics and Econometrics

Link

https://www.degruyter.com/document/doi/10.1515/bejeap-2022-0049/pdf

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