The rise of women and their impact on firms' performance

Abstract

International audienceThis paper aims to understand how the presence of women in management positively affects firms' financial performance. In order to validate our hypotheses, we used a quantitative method to collect data and performed an inquiry by surveying the top 30 Lebanese firms. The results showed that the presence of women in management in Lebanon is not positively correlated with firms financial performance. Women occupying high managerial positions are most probably a member of the family owning the business, and therefore they are not directly concerned with the management of the business. Moreover, a large number of the surveyed females in our sample are married. Consequently, their priorities change, and they put their family before their career development

Women Board of Directors and Financial Performance: Mining Sector Companies Listed in Indonesia Stock Exchange

“…Hampton Alexander recommends the FTSE100 company to have 33% women on the FTSE100 leadership team. The results of this study contradict research conducted by Lückerath-Rovers (2013); Brahma et al (2020); Qian (2016); Salloum et al (2016);Post & Byron (2015). Emestine & Setyaningrum (2019); Bianchi & Iatridis (2014) and in line with research conducted by Singhathep and Pholphirul (2015); Mohammad et al (2018); and Astuti (2017) which states that women directors have no effect on the firm financial performance.…”

“…This agency cost will ultimately reduce the company's financial performance. According to Lückerath-Rovers (2013); Brahma et al (2020); Qian (2016); Salloum et al (2016);Post & Byron (2015); Emestine & Setyaningrum (2019); Mohammad et al (2018); Bianchi & Iatridis (2014), financial performance can be improved by the presence of female directors.…”

“…While the results of research conducted by Mohammad et al (2018) found that there was no significant relationship between the percentage of women on the board of directors, top and medium level executive management with financial performance. Salloum et al (2016) conducted a study on Lebanon's top 30 companies to see the influence of the presence of women in management on company performance. The results showed that the presence of women in management in Lebanon was not positively correlated with the company's financial performance.…”

Entrepreneurial Potential and Success in Business: A Study on Elements of Convergence and Explanation

“…Results show a higher probability of entrepreneurial success with higher scores in entrepreneurial potential scale. On the other hand, regarding the higher probability of failure have been predicted by gender, we argued that this result confirms recent researches (e.g., Anggadwita & Dhewanto, 2016;Daulerio, 2016;Lins & Lutz, 2016;Salloum et al, 2016;irec & Mo nik, 2016).…”

“…Wadhwa, Aggarwal, Holly and Salkever (2009) and Salloum, Azzi, Mercier-Suissa and Khalil (2016), for example, report female entrepreneurs tend to be dependent on men partners or mentors in the management of a business, becoming better managers, however, worse leaders, with low degree of persistence and less willingness to risk. Daulerio (2016), Salloum et al (2016) and irec and Mo nik (2016) also indicate that companies of women entrepreneurs tend to have worse financial performance than companies of men entrepreneurs, because women in general are more influenced by exogenous factors to the business, prioritizing the resolution of family and emotional problems at the expense of company's problems. Besides that, Lins and Lutz (2016) are resolute in stating that women have less access to capital than men, effect of a more cautious support from the banks and from their own families.…”