Title

Do female CEOs make a difference in firm operations? Evidence from Vietnam

Document Type

Article

Publication Date

4-1-2021

Abstract

This paper examines the effect of gender in corporate leadership on the performance and risk of Vietnamese listed firms. We find that firms with female CEOs generate higher profitability than those with male CEOs. In addition, firms led by female CEOs experience less systematic and idiosyncratic risks as well as lower volatility in their returns on assets. These results are robust under different regression specifications. Our results support the hypothesis that women offer unique perspectives, experiences and work styles that benefit firms and that provide evidence for continuing government efforts to improve gender equality in Vietnam.

Publication Title

Accounting and Finance

Volume Number

61

Issue Number

S1

First Page

1489

Last Page

1516

ISSN

08105391

This document is currently not available here.

Share

COinS