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Female corporate owners and female CEOs

Author

Listed:
  • Charpin, Agnès
  • Szafarz, Ariane
  • Tojerow, Ilan

Abstract

“Old boys’ club” ownership structures can hamper the empowerment of female talent. We use African data to show that the CEOs of firms with female shareholders are more likely to be women, regardless of the size of female shareholdings.

Suggested Citation

  • Charpin, Agnès & Szafarz, Ariane & Tojerow, Ilan, 2023. "Female corporate owners and female CEOs," Economics Letters, Elsevier, vol. 232(C).
    • Handle: RePEc:eee:ecolet:v:232:y:2023:i:c:s0165176523003105
    DOI: 10.1016/j.econlet.2023.111285
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    References listed on IDEAS

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    1. Douglas A. Webber, 2016. "Firm-Level Monopsony and the Gender Pay Gap," Industrial Relations: A Journal of Economy and Society, Wiley Blackwell, vol. 55(2), pages 323-345, April.
    2. Hamelin, Anaïs & Lefebvre, Vivien & Weill, Laurent, 2022. "No debt no performance? CEO gender matters," Economics Letters, Elsevier, vol. 219(C).
    3. Esther Duflo, 2012. "Women Empowerment and Economic Development," Journal of Economic Literature, American Economic Association, vol. 50(4), pages 1051-1079, December.
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    17. Faccio, Mara & Marchica, Maria-Teresa & Mura, Roberto, 2016. "CEO gender, corporate risk-taking, and the efficiency of capital allocation," Journal of Corporate Finance, Elsevier, vol. 39(C), pages 193-209.
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    More about this item

    Keywords

    Gender; Ownership; Leadership; CEO; Development;
    All these keywords.

    JEL classification:

    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • J71 - Labor and Demographic Economics - - Labor Discrimination - - - Hiring and Firing
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • M51 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Firm Employment Decisions; Promotions
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis

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