“…In recent years, the proportion of women entrepreneurs and top managers, on average, has increased significantly in all economic sectors, as a result of cultural, social, and political changes that have encouraged both women to start new businesses as entrepreneurs and companies to involve women in management positions (Catalyst, 2017;Farrell & Hersch, 2005;Soares, Combopiano, Regis, Shur, & Wong, 2010). The leadership roles of women have inspired academic debate regarding the effects of female involvement in top management teams on various features of business dynamics (Langowitz, Minniti, & Arenius, 2005;Lee, Paik, & Uygur, 2016). Most researchers in the management and corporate governance literature have examined the relationship between gender diversity and aspects such as managerial advancement (Tharenou, Latimer, & Conroy, 1994), management style (Burke & Collins, 2001;Eagly, Johannesen-Schmidt, & Van Engen, 2003;Eagly & Karau, 2002), and board effectiveness (Nielsen & Huse, 2010).…”