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

• Autorzy: Pacheco Luís , Lobo Carla , Maldonado Isabel

Identyfikatory

DOI

10.17512/pjms.2020.22.2.25

Warianty tytułu

PL

Wpływ płci na wyniki finansowe: dowody na próbie portugalskich MŚP

• Języki publikacji: EN

Abstrakty

EN

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.

PL

Celem tego artykułu jest empiryczne zbadanie wpływu płci na wyniki finansowe. Ponadto w artykule przeanalizowano zmienne, które mogą wpływać na obecność kobiet kierujących firmą lub będących jej głównym akcjonariuszem. Literatura dotycząca determinantów wyników jest bogata, jednak związek między płcią a dochodowością w kontekście małych i średnich przedsiębiorstw (MŚP) jest znacznie mniej zbadany. Przyczyniając się do wypełnienia tej luki badawczej, wykorzystano niezrównoważone dane panelowe 141 portugalskich MŚP za okres od 2010 do 2018, uzyskane z pierwotnych i wtórnych źródeł danych. Zależność między płcią a wynikami finansowymi jest określana za pomocą dwóch metod, regresji Tobita i modelu efektów losowych. Nasze wyniki pokazują, że kobiety mają mniejsze możliwości bycia zdecydowanymi liderkami w większych i starszych strukturach organizacyjnych, które nie wydają się być naciskane na równość. Dodatkowo, zdecydowany wiek łagodzi pozytywny związek między przywództwem kobiet a rentownością. Ze względu na znaczenie MŚP w większości gospodarek nasze wyniki i ich konsekwencje można uogólnić na inne kraje.

Słowa kluczowe

EN

financial performance; gender; SMEs; internationalization; firm’s characteristics

PL

wyniki finansowe; płeć; MŚP; umiędzynarodowienie; charakterystyka firmy

• Wydawca: Czestochowa University of Technology
• Czasopismo: Polish Journal of Management Studies
• Rocznik: 2020
• Tom: Vol. 22, No. 2
• Strony: 384--401
• Opis fizyczny: Bibliogr. 54 poz., tab.

Twórcy

autor

Pacheco Luís

• Portucalense University – Department of Economics and Management)

autor

Lobo Carla

• REMIT – Research on Economics, Management and Information Technologies

autor

Maldonado Isabel

• IJP (Portucalense Institute for Legal Research)

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Uwagi

Opracowanie rekordu ze środków MNiSW, umowa Nr 461252 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2021).