“…This is consistent with the literature regarding female leadership styles (Bird and Brush, 2002;Hackman et al, 1992;Mandell and Pherwani, 2003;Melero, 2011;Wicker et al, 2012). Thus, female directors prioritize stable employment and their responsibility for their employees (Danes et al, 2007), as well as long-term relationships with clients (Krishnan and Park, 2005;Schaap et al, 2008). For these reasons, previous research suggested that, in transformational leadership, in contrast to transactional leadership focused on the conventional way of managing a company, female capabilities are more important and women are better adapted to understand the changes that take place in the market (Carless, 1998;Eagly and Sczesny, 2009;Konrad et al, 2000;Schein, 2007;Schaap et al, 2008).…”