The impact of gender on financial performance: Evidence from a sample of Portuguese SMEs

Detalhes bibliográficos
Autor(a) principal: Pacheco, Luís Miguel
Data de Publicação: 2020
Outros Autores: Lobo, Carla Azevedo, Maldonado, Isabel
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/11328/3319
https://doi.org/10.17512/pjms.2020.22.2.25
Resumo: The objective of the present paper is to study the effects of gender on financial performance and examine the variables that may influence the presence of women leading the firm or being its main shareholder. The relation between gender and profitability in the context of Small and Medium Enterprises (SMEs) is a less studied topic in the broader context of performance determinants. Contributing to fill this research gap, it is used an unbalanced panel data of 141 Portuguese firms for the period from 2010 to 2018, obtained with primary and secondary data sources. The relation between gender and financial performance is addressed with two methodologies, a Tobit regression and a Random Effects Model. Our results evidence fewer possibilities for women to be firm leaders in larger and older organizational structures, which do not seem pressured towards equality. Additionally, firm age moderates the positive relation between female leadership and profitability. Given the SMEs importance in the majority of countries, the results and implications of this paper can be generalized to other economies.
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spelling The impact of gender on financial performance: Evidence from a sample of Portuguese SMEsFinancial performanceGenderSMEsInternationalizationFirm' s characteristicsThe objective of the present paper is to study the effects of gender on financial performance and examine the variables that may influence the presence of women leading the firm or being its main shareholder. The relation between gender and profitability in the context of Small and Medium Enterprises (SMEs) is a less studied topic in the broader context of performance determinants. Contributing to fill this research gap, it is used an unbalanced panel data of 141 Portuguese firms for the period from 2010 to 2018, obtained with primary and secondary data sources. The relation between gender and financial performance is addressed with two methodologies, a Tobit regression and a Random Effects Model. Our results evidence fewer possibilities for women to be firm leaders in larger and older organizational structures, which do not seem pressured towards equality. Additionally, firm age moderates the positive relation between female leadership and profitability. Given the SMEs importance in the majority of countries, the results and implications of this paper can be generalized to other economies.PJMS2021-01-07T16:58:44Z2021-01-072020-12-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfPacheco, L., Lobo, C., & Maldonado, I. (2020). The impact of gender on financial performance: Evidence from a sample of Portuguese SMEs. Polish Journal of Management Studies, 22(2), 384-401. doi: 10.17512/pjms.2020.22.2.25. Disponível no Repositório UPT, http://hdl.handle.net/11328/3319http://hdl.handle.net/11328/3319Pacheco, L., Lobo, C., & Maldonado, I. (2020). The impact of gender on financial performance: Evidence from a sample of Portuguese SMEs. Polish Journal of Management Studies, 22(2), 384-401. doi: 10.17512/pjms.2020.22.2.25. Disponível no Repositório UPT, http://hdl.handle.net/11328/3319http://hdl.handle.net/11328/3319https://doi.org/10.17512/pjms.2020.22.2.25eng2081-7452https://pjms.zim.pcz.pl/resources/html/article/details?id=211705http://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessPacheco, Luís MiguelLobo, Carla AzevedoMaldonado, Isabelreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-16T02:07:27Zoai:repositorio.upt.pt:11328/3319Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:39:52.648403Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The impact of gender on financial performance: Evidence from a sample of Portuguese SMEs
title The impact of gender on financial performance: Evidence from a sample of Portuguese SMEs
spellingShingle The impact of gender on financial performance: Evidence from a sample of Portuguese SMEs
Pacheco, Luís Miguel
Financial performance
Gender
SMEs
Internationalization
Firm' s characteristics
title_short The impact of gender on financial performance: Evidence from a sample of Portuguese SMEs
title_full The impact of gender on financial performance: Evidence from a sample of Portuguese SMEs
title_fullStr The impact of gender on financial performance: Evidence from a sample of Portuguese SMEs
title_full_unstemmed The impact of gender on financial performance: Evidence from a sample of Portuguese SMEs
title_sort The impact of gender on financial performance: Evidence from a sample of Portuguese SMEs
author Pacheco, Luís Miguel
author_facet Pacheco, Luís Miguel
Lobo, Carla Azevedo
Maldonado, Isabel
author_role author
author2 Lobo, Carla Azevedo
Maldonado, Isabel
author2_role author
author
dc.contributor.author.fl_str_mv Pacheco, Luís Miguel
Lobo, Carla Azevedo
Maldonado, Isabel
dc.subject.por.fl_str_mv Financial performance
Gender
SMEs
Internationalization
Firm' s characteristics
topic Financial performance
Gender
SMEs
Internationalization
Firm' s characteristics
description The objective of the present paper is to study the effects of gender on financial performance and examine the variables that may influence the presence of women leading the firm or being its main shareholder. The relation between gender and profitability in the context of Small and Medium Enterprises (SMEs) is a less studied topic in the broader context of performance determinants. Contributing to fill this research gap, it is used an unbalanced panel data of 141 Portuguese firms for the period from 2010 to 2018, obtained with primary and secondary data sources. The relation between gender and financial performance is addressed with two methodologies, a Tobit regression and a Random Effects Model. Our results evidence fewer possibilities for women to be firm leaders in larger and older organizational structures, which do not seem pressured towards equality. Additionally, firm age moderates the positive relation between female leadership and profitability. Given the SMEs importance in the majority of countries, the results and implications of this paper can be generalized to other economies.
publishDate 2020
dc.date.none.fl_str_mv 2020-12-01T00:00:00Z
2021-01-07T16:58:44Z
2021-01-07
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv Pacheco, L., Lobo, C., & Maldonado, I. (2020). The impact of gender on financial performance: Evidence from a sample of Portuguese SMEs. Polish Journal of Management Studies, 22(2), 384-401. doi: 10.17512/pjms.2020.22.2.25. Disponível no Repositório UPT, http://hdl.handle.net/11328/3319
http://hdl.handle.net/11328/3319
Pacheco, L., Lobo, C., & Maldonado, I. (2020). The impact of gender on financial performance: Evidence from a sample of Portuguese SMEs. Polish Journal of Management Studies, 22(2), 384-401. doi: 10.17512/pjms.2020.22.2.25. Disponível no Repositório UPT, http://hdl.handle.net/11328/3319
http://hdl.handle.net/11328/3319
https://doi.org/10.17512/pjms.2020.22.2.25
identifier_str_mv Pacheco, L., Lobo, C., & Maldonado, I. (2020). The impact of gender on financial performance: Evidence from a sample of Portuguese SMEs. Polish Journal of Management Studies, 22(2), 384-401. doi: 10.17512/pjms.2020.22.2.25. Disponível no Repositório UPT, http://hdl.handle.net/11328/3319
url http://hdl.handle.net/11328/3319
https://doi.org/10.17512/pjms.2020.22.2.25
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv 2081-7452
https://pjms.zim.pcz.pl/resources/html/article/details?id=211705
dc.rights.driver.fl_str_mv http://creativecommons.org/licenses/by/4.0/
info:eu-repo/semantics/openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by/4.0/
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv PJMS
publisher.none.fl_str_mv PJMS
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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