Female‐Led High‐Growth: Examining the Role of Human and Financial Resource Management

29 Pages Posted: 21 Dec 2018

See all articles by Richard Devine

Richard Devine

American University - Kogod School of Business

Gonzalo Molina‐Sieiro

Florida State University

R. Michael Holmes Jr.

Florida State University

Siri A. Terjesen

Norwegian School of Economics (NHH); American University

Date Written: January 2019

Abstract

We integrate research on upper echelons theory, the resource‐based view, and gender to explore conditions that facilitate high growth for female‐led firms. We argue that female entrepreneurs have certain advantages that help them leverage their firms’ human and financial capital to achieve high growth. In support, using a sample of U.S.‐based entrepreneurial firms, we found evidence that having a female lead entrepreneur positively moderated the positive relationships between indicators of firms’ human and financial capital and high growth. The findings have implications for programs, policies, and practices to encourage more high growth in firms with female lead entrepreneurs.

Suggested Citation

Devine, Richard and Molina‐Sieiro, Gonzalo and Holmes Jr., R. Michael and Terjesen, Siri A., Female‐Led High‐Growth: Examining the Role of Human and Financial Resource Management (January 2019). Journal of Small Business Management, Vol. 57, Issue 1, pp. 81-109, 2019. Available at SSRN: https://ssrn.com/abstract=3305306 or http://dx.doi.org/10.1111/jsbm.12492

Richard Devine (Contact Author)

American University - Kogod School of Business ( email )

4400 Massachusetts Avenue NW
Washington, DC 20816-8044
United States

Gonzalo Molina‐Sieiro

Florida State University

Tallahasse, FL 32306
United States

R. Michael Holmes Jr.

Florida State University

Tallahasse, FL 32306
United States

Siri A. Terjesen

Norwegian School of Economics (NHH) ( email )

Helleveien 30
Bergen, NO-5045
Norway

American University ( email )

4400 Massachusetts Ave, NW
Washington, DC 20016
United States

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