Michael Machokoto, Tesfaye T. Lemma, Ouarda Dsouli, Rebecca Fakoussa, Eghosa Igudia
{"title":"Coupling men-to-women: Promoting innovation in emerging markets","authors":"Michael Machokoto, Tesfaye T. Lemma, Ouarda Dsouli, Rebecca Fakoussa, Eghosa Igudia","doi":"10.1002/ijfe.2842","DOIUrl":null,"url":null,"abstract":"<p>Motivated by calls to explore corporate outcomes of gender diversity-related dependencies in a firm's upper echelons, we examine whether gender diversity in manager-owner(s) teams shapes innovation. Using the context of emerging markets and a large surveydataset drawn from the Business Environment and Enterprise Performance Survey (BEEPS), we find robust evidence suggesting that gender-diverse manager-owner(s) teams are associated with higher odds of undertaking innovation. Specifically, women (men) owned firms managed by a male (female) top manager are associated with a higher likelihood of undertaking innovation relative to women (men) owned firms managed by women (men). Additionally, we find that female-owned firms run by male (female) top managers are the most (least) innovative and male-owned firms run by female (male) top managers are the second (third) innovative. Our findings indicate that heterophilic manager-owner(s) teams have the potential to foster innovation in emerging markets. More importantly, our results suggest that initiatives promoting manager-owner(s) team's gender diversity have the potential to overcome the social and structural barriers that impede innovation in emerging economies.</p>","PeriodicalId":47461,"journal":{"name":"International Journal of Finance & Economics","volume":"29 3","pages":"3656-3677"},"PeriodicalIF":2.8000,"publicationDate":"2023-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1002/ijfe.2842","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Finance & Economics","FirstCategoryId":"96","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1002/ijfe.2842","RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0
Abstract
Motivated by calls to explore corporate outcomes of gender diversity-related dependencies in a firm's upper echelons, we examine whether gender diversity in manager-owner(s) teams shapes innovation. Using the context of emerging markets and a large surveydataset drawn from the Business Environment and Enterprise Performance Survey (BEEPS), we find robust evidence suggesting that gender-diverse manager-owner(s) teams are associated with higher odds of undertaking innovation. Specifically, women (men) owned firms managed by a male (female) top manager are associated with a higher likelihood of undertaking innovation relative to women (men) owned firms managed by women (men). Additionally, we find that female-owned firms run by male (female) top managers are the most (least) innovative and male-owned firms run by female (male) top managers are the second (third) innovative. Our findings indicate that heterophilic manager-owner(s) teams have the potential to foster innovation in emerging markets. More importantly, our results suggest that initiatives promoting manager-owner(s) team's gender diversity have the potential to overcome the social and structural barriers that impede innovation in emerging economies.