演講題目：Why does CEO gender matter?
日期：2025/1/21
時間：10:00~14:00 (12:00~14:00個別討論)
地點：SL201教室
講者：西南財經大學金融學院 陳苡文教授
Abstract
The economic impact of female leadership is under scrutiny across sectors, including business, politics, and academia. This study investigates whether and why gender differences in corporate performance. First, we find that family firms in China are significantly more likely to appoint female CEOs than nonfamily firms. Second, female CEOs have a positive impact on firm performance, though this effect is statistically significant only in nonfamily firms, particularly in regions with higher gender inequality. In contrast, no significant performance differences are observed between male and female CEOs in family firms. This result is driven by family firms appointing family members as CEOs. However, when family firms hire external CEOs, female CEOs outperform their male counterparts. These findings suggest that while family firms may reduce gender bias in CEO selection, improvements in gender equality are not driven by enhanced firm performance.
摘要
女性領導力的經濟影響在商業、政治和學術領域受到廣泛關注。本研究探討了性別差異是否以及為何會對企業績效產生影響。首先，我們發現中國的家族企業顯著更傾向於任命女性CEO，而非家族企業則較少如此。其次，女性CEO對企業績效具有正向影響，但這一影響在非家族企業中才具有統計顯著性，尤其是在性別不平等程度較高的地區。相比之下，在家族企業中，男性與女性CEO的績效差異並不顯著。這一結果主要由於家族企業傾向于任命家族成員為CEO。然而，當家族企業聘請外部CEO時，女性CEO的表現優於男性CEO。這些研究結果表明，儘管家族企業可能在CEO選拔中減少了性別偏見，但性別平等的改善並未通過提升企業績效而得以實現。