Female Hires and the Success of Start-up Firms

Abstract

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Competition and Gender Prejudice: Are Discriminatory Employers Doomed to Fail?

“…The results in Table , showing that female workers employed in male‐dominated firms have a higher probability of leaving, indicate that social interactions might indeed matter. Further empirical evidence on the effect of gender diversity in top positions in start‐up firms is provided by Weber and Zulehner (), where we find that early hires of high‐wage female workers prolong firm survival and increase the overall female workforce in the firm.…”

“…In related research, we investigate the relationship between females among the high‐wage workers hired in the first six months of firm existence and business success (Weber and Zulehner, ). The results show that firms with female first hires stay longer in the market, supporting the hypothesis that gender diversity in leading positions is an advantage for start‐up firms.…”

Women on the board and executive tenure

“…Francoeur, Labelle, and Sinclair‐Desgagné () report that firms with a high proportion of female executive officers generate higher abnormal returns whereas the participation of female directors does not yield significant performance differences. Weber and Zulehner () find evidence that gender diversity in leading positions reduces the risk of firm exits in the case of start‐ups. Dezsö and Ross () show a positive effect of female top managers on firm performance in firms with a strategic focus on innovation, and Schwartz‐Ziv () identifies significant higher performance if at least three male and female directors are simultaneously present on the board.…”

Of Age, Sex, and Money: Insights from Corporate Officer Compensation on the Wage Inequality Between Genders

“…Moreover, Martin et al (2009) find that abnormal returns around announcements of the appointment of a female CEO are indistinguishable from zero. Evidence of superior female performance is presented by Weber and Zulehner (2010), who show that the survival rate of start-up firms increases with early female hires, and by Beck et al (2013), who document that female loan officers are less likely to originate problematic loans.…”