Are Family Firms Friendly to Women?

Posted: 19 Jun 2019

See all articles by Hsiu-I Ting

Hsiu-I Ting

National Taipei University of Technology

Ming-Chun Wang

National Kaohsiung University of Science and Technology - Department of Finance and Banking

Yi-Jun Lin

National Taipei University of Technology

Date Written: June 10, 2019

Abstract

This study used listed firms in Shanghai and Shenzhen from 2004 to 2014 to investigate whether family firms help women break the glass ceiling. We find that family firms appoint female CEOs more often than non-family firms. Our finding does not result from the limitation of family firms to recruit talent from family members. Family firms even provide a female-friendly workplace for professional CEOs. Family firms that operate under conservative management are inclined to appoint women regarded as risk-averse. The tendency of family firms to hire female CEOs is partially attributed to homophily.

Keywords: gender; family firm; female CEO; glass ceiling; risk aversion; homophily

JEL Classification: J16, G30, M12, M14

Suggested Citation

Ting, Hsiu-I and Wang, Ming-Chun and Lin, Yi-Jun, Are Family Firms Friendly to Women? (June 10, 2019). Available at SSRN: https://ssrn.com/abstract=3402153

Hsiu-I Ting (Contact Author)

National Taipei University of Technology ( email )

1, Sec. 3, Zhongxiao E. Rd.
Taipei, Taiwan 10608
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+886-2-27712171 Ext. 5905 (Phone)

HOME PAGE: http://hi-ting.simplesite.com/424581514

Ming-Chun Wang

National Kaohsiung University of Science and Technology - Department of Finance and Banking ( email )

2, Juoyue Road
Nantsu, Kaohsiung, 811
Taiwan

Yi-Jun Lin

National Taipei University of Technology ( email )

1, Sec. 3,
Zhongxiao E. Rd.
Taipei, 10608

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