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No debt no performance? CEO gender matters

Author

Listed:
  • Anaïs Hamelin

    (LARGE - Laboratoire de Recherche en Gestion et Economie - UNISTRA - Université de Strasbourg)

  • Vivien Lefebvre

    (LARGE - Laboratoire de Recherche en Gestion et Economie - UNISTRA - Université de Strasbourg)

  • Laurent Weill

    (LARGE - Laboratoire de Recherche en Gestion et Economie - UNISTRA - Université de Strasbourg)

Abstract

We examine the effect of CEO gender on the relation between having no debt and firm performance on a sample of Italian firms. No debt is associated with higher performance for male-led firms but with lower performance for female-led firms.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Anaïs Hamelin & Vivien Lefebvre & Laurent Weill, 2022. "No debt no performance? CEO gender matters," Post-Print hal-04585960, HAL.
    • Handle: RePEc:hal:journl:hal-04585960
    DOI: 10.1016/j.econlet.2022.110838
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    References listed on IDEAS

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    1. Lotfaliei, Babak, 2018. "Zero leverage and the value in waiting to have debt," Journal of Banking & Finance, Elsevier, vol. 97(C), pages 335-349.
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    Cited by:

    1. Charpin, Agnès & Szafarz, Ariane & Tojerow, Ilan, 2023. "Female corporate owners and female CEOs," Economics Letters, Elsevier, vol. 232(C).

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    More about this item

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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