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Discussion Paper Details

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Title: Do Female Executives Make a Difference? The Impact of Female Leadership on Gender Gaps and Firm Performance

Author(s): Luca Flabbi, Mario Macis, Andrea Moro and Fabiano Schivardi

Publication Date: November 2014

Keyword(s): executives? gender, firm performance, gender gap, glass ceiling and statistical discrimination

Programme Area(s): Industrial Organization

Abstract: We analyze a matched employer-employee panel data set and find that female leadership has a positive effect on female wages at the top of the distribution, and a negative one at the bottom. Moreover, performance in firms with female leadership increases with the share of female workers. This evidence is consistent with a model where female executives are better equipped at interpreting signals of productivity from female workers. This suggests substantial costs of under-representation of women at the top: for example, if women became CEOs of firms with at least 20% female employment, sales per worker would increase 6.7%.

For full details and related downloads, please visit: https://cepr.org/active/publications/discussion_papers/dp.php?dpno=10228

Bibliographic Reference

Flabbi, L, Macis, M, Moro, A and Schivardi, F. 2014. 'Do Female Executives Make a Difference? The Impact of Female Leadership on Gender Gaps and Firm Performance'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=10228