Sex and credit: Do gender interactions matter for credit market outcomes?

Beck, Thorsten; Behr, Patrick; Madestam, Andreas

doi:10.1016/j.jbankfin.2017.10.018

Cited by 65 publications

(44 citation statements)

References 39 publications

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“…Evidence emerging from gender literature suggests that involvement of women in management and executive designations, such as board members, leads to an improvement in organizational performance (Strøm, D'Espallier and Mersland 2014). Beck, Behr and Madestam (2018) and Bibi et al (2018) find that female officers have a positive impact on financial efficiency. Indicators for female employees and management in this study were found having no significant impact on efficiency contrary to Strøm, D'Espallier and Mersland (2014).…”

Section: Discussion Of Resultsmentioning

confidence: 99%

Measuring the financial efficiency of agricultural cooperatives in South Africa: an application of the Simar–Wilson methodology

Yobe

Mudhara

2020

Agrekon

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The SA government has favored cooperatives over other types of corporate entities in its programmes for rural development. This study examines financial efficiency and its determinants for 387 agricultural cooperatives in SA using a two-stage double bootstrap approach. Bias-corrected Data Envelopment Analysis (DEA) efficiency estimates are obtained in the first-stage for the agricultural cooperatives. Next, a Double Bootstrapped Truncated Regression model was estimated to obtain bias-corrected scores. The model was designed to obtain DEA scores for financial efficiency. First-stage results indicate that many agricultural cooperatives are relatively inefficient. Results of the second-stage analysis identified significant determinants of efficiency as age of cooperatives, size, gender of management, governance indicators and training. Governance indicators negatively influencing efficiency indicate institutions that prioritize non-financial goals and consequently compromise on governance quality. The deviation from institutional control mechanisms most likely emerges in a weak institutional environment. Various types of training influenced financial efficiency meaning that an understanding of training needs across institutions is crucial for equipping and empowering cooperatives towards financial efficiency. The study shows that the design and implementation of suitable training programs are prerequisites for addressing financial efficiency of agricultural cooperatives.

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Section: Discussion Of Resultsmentioning

confidence: 99%

Measuring the financial efficiency of agricultural cooperatives in South Africa: an application of the Simar–Wilson methodology

Yobe

Mudhara

2020

Agrekon

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“…Vectors and constitute a set of control variables relating to the cooperative (total assets, and urban or rural), and to the borrower (gender, length of membership, marital status, and business activity) and the loan (type, size, and issuing year), respectively. These variables, routinely used in the microfinance literature, are meant to reduce the omitted-variable bias as much as possible (Beck et al, 2018;Agier and Szafarz, 2013a and b) 6 . is the idiosyncratic error term.…”

Section: Context and Methodsmentioning

confidence: 99%

Women in the boardroom: a bottom–up approach to the trickle-down effect

Périlleux

Szafarz

2021

Small Bus Econ

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This paper argues that role modeling can explain the impact of boardroom gender diversity on corporate performance. It theorizes that female workers are boosted by female leadership, gain increased motivation, and achieve greater productivity, thereby making their female directors more effective. We test this bottom-up approach to the trickle-down hypothesis on data hand-collected among local cooperatives providing microcredit in Senegal. All the organizations surveyed are similar and small, which allows us to use a homogenous performance metric. All of them outsource their human resource management to the same third party, which mitigates the risk of endogeneity. The data cover over 100,000 triads composed of: gender dominance on the board, gender of CEO, and gender of credit officer. A better financial performance is achieved when the triad is gender-uniform-be it male or female-confirming the importance of role modeling and suggesting that the performance of female board members depends on the gender composition of the workforce.

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“…Some previous empirical evidence shows that women have behavioral and attitudinal differences compared to males (Beck et al 2018). Female CEOs/directors tend to be less overconfident in their decision making than men, and are more likely to express their independent views than male directors.…”

Section: Particularities Related To Post-communist Economiesmentioning

confidence: 97%

CEO Diversity, Political Influences, and CEO Turnover in Unstable Environments: The Romanian Case

Dragotă

Curmei-Semenescu

Moscu

2020

JRFM

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This work expands the literature on a less studied topic, the Chief Executive Officer (CEO) turnover in post-communist economies, analyzed during an unstable and ambiguous economic and financial environment. For the period 2005–2010, the results indicate the political inference in CEO turnover decision for the Romanian listed companies. In this period, with great turmoil in the economy determined by the financial crisis of 2008, we also find that CEO gender helps to explain the probability of changing the CEO. Moreover, this paper empirically tests if the financial and corporate governance determinants that are validated in the existing literature work for the Romanian listed companies. We reinforce that CEO turnover decision is negatively related to accounting-based performance. We find evidence of the “voting with their feet” behavior of institutional investors, and of the lack of Board of Directors monitoring. The CEO–Chairman duality and the controlling power of the largest shareholder act as entrenchment mechanisms.

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Sex and credit: Do gender interactions matter for credit market outcomes?

Cited by 65 publications

References 39 publications

Measuring the financial efficiency of agricultural cooperatives in South Africa: an application of the Simar–Wilson methodology

Measuring the financial efficiency of agricultural cooperatives in South Africa: an application of the Simar–Wilson methodology

Women in the boardroom: a bottom–up approach to the trickle-down effect

CEO Diversity, Political Influences, and CEO Turnover in Unstable Environments: The Romanian Case

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