Gender Interactions Within the Family Firm

Management Science, 2013

Posted: 14 May 2020

See all articles by Mario Daniele Amore

Mario Daniele Amore

Bocconi University - Department of Management and Technology

Orsola Garofalo

Copenhagen Business School

Alessandro Minichilli

Bocconi University - Department of Management and Technology

Date Written: April 19, 2013

Abstract

We analyze whether gender interactions at the top of the corporate hierarchy affect corporate performance. Using a comprehensive data set of family-controlled firms in Italy, we find that female directors significantly improve the operating profitability of female-led companies. To mitigate endogeneity concerns, we assess executive transitions using a triple-difference approach complemented by propensity score matching and instrumental variables. Finally, we show that the positive effect of female interactions on profitability is reduced when the firm is located in geographic areas characterized by gender prejudices and when the firm is large.

Keywords: female CEOs; female directors; firm performance

Suggested Citation

Amore, Mario Daniele and Garofalo, Orsola and Minichilli, Alessandro, Gender Interactions Within the Family Firm (April 19, 2013). Management Science, 2013, Available at SSRN: https://ssrn.com/abstract=3580657

Mario Daniele Amore (Contact Author)

Bocconi University - Department of Management and Technology ( email )

Via Roentgen 1
Milan, MI 20136
Italy

Orsola Garofalo

Copenhagen Business School ( email )

Solbjerg Plads 3
Frederiksberg C, DK - 2000
Denmark

Alessandro Minichilli

Bocconi University - Department of Management and Technology ( email )

Via Roentgen 1
Milan, MI 20136
Italy

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