CEO succession with gender change in troubled companies: The effect of a new woman CEO on firm risk and firm risk perceived

Rigolini, Alessandra; Gabaldón, Patricia; Goldeng, Eskil

doi:10.1016/j.scaman.2020.101138

Cited by 19 publications

(7 citation statements)

References 146 publications

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“…Similarly, Pullen and Vachhani (2021) mentioned that women differ from men in terms of morality and compassion. Women leaders are associated with collaborative atmosphere and their presence leads to open discussions and mitigation of agency conflicts (Rigolini et al , 2021). As compared to male, the women are considered more independent, diligent and responsible (Amin et al , 2021) and their inclusion in the top management team reduces systematic biases and extend social networks (Shahab et al , 2020).…”

Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

CEO personal characteristics and firms’ risk-taking behaviour: the moderating role of family ownership

Amin

Ali

Rehman

et al. 2023

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Purpose This study aims to examine the impact of chief executive officers’ (CEOs’) personal characteristics on firms’ risk taking and the moderating role of family ownership on this relationship. Design/methodology/approach This study used 2,647 firm-year observations of non-financial firms listed on Pakistan Stock Exchange over the period 2013–2021. To test the hypotheses, the authors used ordinary least squares regression and, to resolve the possible endogeneity problem, the authors used system generalized method of moments technique. Findings Drawing insights first from upper echelons theory, the authors report that CEOs with business, economics, finance and/or management educational background and female CEOs reduce firms’ risk-taking behaviour. Further, using insights from social and organizational identity theoretical perspectives, the results indicate that due to strong family affiliation and organizational identity, family owners exhibit risk aversion behaviour and moderate this relationship. Originality/value This study provides novel evidence of risk averse behaviour of CEOs with business, economics, finance and/or management educational background and female CEOs along with moderating impact of family ownership on this relationship in an emerging economy. Overall, the results extend empirical support for upper echelons and social identity theories in an emerging market context.

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Section: Literature Review and Hypotheses Developmentmentioning

confidence: 99%

CEO personal characteristics and firms’ risk-taking behaviour: the moderating role of family ownership

Amin

Ali

Rehman

et al. 2023

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“…Chin (2016) suggested that when an egalitarian organisation fails, female managers present more leaders' competence, status dominance and interpersonal skills than their male counterparts. However, when there is an on-going crisis, womenwho succeed men in the leadership positionare seen as the best prepared for management and leadership (Rigolini et al, 2021) because they reduce their risk. Moreover, their role is even more effective in removing gender discrimination lawsuits within the company (Dadanlar and Abebe, 2020).…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Female leadership in communication management in Spain: making a difference in a sexist culture

Zeler

Fuentes-Lara

Moreno

2022

CCIJ

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PurposeThis paper aims to explore the position of women in the communication management sector in Spain from their own experiences. The study examines female communication and leadership styles, emphasising the cost of leadership in which they are leaders or led.Design/methodology/approachThis study used a qualitative methodology based on in-depth interviews with 22 women actively working in top companies and agencies: female communication directors, female employees with a female leader and female employees with a male leader. Data were analysed through thematic analysis.FindingsResults show mixed communication and leadership styles. In addition, the high level of self-demand of female communication managers stands out, making it challenging to achieve a work-life balance and the implementation of successful role models.Social implicationsExploring the factors of female leadership remains necessary to understand and make their situation in various industries and positions visible. It also helps remove barriers to leadership, guide organisations in addressing gender discrimination issues and develop mechanisms for the internal promotion of female professionals.Originality/valueTo the best of authors' knowledge, this is the first study exploring the leadership and communication styles of women in the Spanish Public Relations (PR) and communication management industries. It also highlights the aspects influencing the cost of leadership.

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“…They find that female CEOs are more risk-averse than male CEOs; yet this is not because they are more sensitive to ethical issues. Rigolini et al (2021) provide a subsequent analysis of female CEO appointments; in their analysis of Norwegian firms, they find that the appointment of a female CEO, following a male CEO, tends to reduce the level of risk of the firm.…”

Section: Gender Diversity and Interlocking Directoratesmentioning

confidence: 99%

Gendered brokerage and firm performance – An interlock analysis of the UK

Sarabi

Smith

McGregor

et al. 2021

IJPPM

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PurposeCorporate success depends partially on the quality of knowledge accessible to the executive board. One route of access to such knowledge is the appointment of directors who already hold directorships with prominent other corporate actors. Such director appointments provide interlocks to a corporate knowledge ecosystem (Haunschild and Beckman, 1998). The purpose of this paper is to examine how linkages between companies belonging to different sectors impact firm performance and to examine how linkages created by female directors, as opposed to male directors, shape performance.Design/methodology/approachThis paper investigates the interlocks created between UK FTSE 350 companies from 2010 to 2018. It draws on network analysis to map the roles that male and female directors play in linking firms with varying sector classifications. The paper provides an examination of the impact of these roles on firm performance, through a panel data regression analysis.FindingsThis paper finds that there is an increase of inter-industry brokers over the period, and that men are still dominant in both the network and creating inter-industry ties amongst companies. However, the role of women in establishing these ties appears to be changing, and women are more important when it comes to create inter-industry ties among key economic sectors.Originality/valueThis paper provides a novel approach to examine the interplay between gendered inter (and intra) sectoral linkages and firm performance. It provides an original application of the two-mode brokerage analysis framework proposed in Jasny and Lubell (2015).

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CEO succession with gender change in troubled companies: The effect of a new woman CEO on firm risk and firm risk perceived

Cited by 19 publications

References 146 publications

CEO personal characteristics and firms’ risk-taking behaviour: the moderating role of family ownership

CEO personal characteristics and firms’ risk-taking behaviour: the moderating role of family ownership

Female leadership in communication management in Spain: making a difference in a sexist culture

Gendered brokerage and firm performance – An interlock analysis of the UK

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