Does Female Firm Management Affect Firm Performance? Evidence from SME Job Growth in Developing Countries
Small and medium-sized enterprises (SMEs) contribute substantially to the economies of developing countries. Although many of the determinants of SME firm performance have been well-documented, few studies have examined the relationship between female firm leadership and firm performance. Using the World Bank’s Enterprise Survey data for 54 low- and lower-middle-income countries, this paper examines the relationship between female firm management and firm job growth. I estimate both a fixed effects model and a propensity score matching model, and find that there are generally no significant differences in job growth rates between female-managed and male-managed SMEs. These results are robust to a series of specification checks, including the addition of firm-level controls, a disaggregated regional analysis, and an alternative definition for job growth. My findings suggest that female-managed firms perform as well as male-managed firms. This evidence is particularly useful for policy advocates and practitioners seeking to expand female leadership across firms in developing countries.
Showing items related by title, author, creator and subject.
How Does Routine Disclosure of Medical Error Affect Patients' Propensity to Sue and Their Assessment of Provider Quality? Evidence From Survey Data Helmchen, Lorens A; Richards, Michael R; McDonald, Timothy B (2010-11)Although strongly favored by patients and ethically imperative for providers, the disclosure of medical errors to patients remains rare because providers fear that it will trigger lawsuits and jeopardize their reputation. ...
How Does Currency Mismatch Affect Resilience to an External Shock? Evidence From the 2007-2009 Global Financial Crisis Fairl, Kathleen Ellen (Georgetown University, 2013)In the aftermath of the 1990s global financial crises, excessive foreign currency borrowing emerged as the common denominator in predicting the likelihood of a crisis as well as an economy's capacity to withstand one. ...