{"title":"Board gender diversity in innovative SMEs: an investigation across industrial sectors","authors":"Valeria Schifilliti, Elvira Tiziana La Rocca","doi":"10.1108/ejim-10-2023-0926","DOIUrl":null,"url":null,"abstract":"<h3>Purpose</h3>\n<p>Investigating the drivers that contribute to the success of small and medium-sized enterprises (SMEs) is crucial for ensuring the overall growth and sustainability of a country. The purpose of this research is to investigate the role of gender diversity on the Board of Directors of innovative SMEs to understand whether the presence of women on boards can improve the performance of such organizations devoted to introducing technological advancements in the product market.</p><!--/ Abstract__block -->\n<h3>Design/methodology/approach</h3>\n<p>The study adopts a quantitative approach, using a sample of 2,264 Italian innovative SMEs. These companies were selected from non-financial sectors and collected from Analisi informatizzata delle Aziende Italiane (AIDA), a database provided by Bureau van Dijk. An unbalanced panel data involving a period from 2016 to 2021 was used with a total of 12,173 observations.</p><!--/ Abstract__block -->\n<h3>Findings</h3>\n<p>Our findings suggest that female representation has a negative effect on a company's financial performance. Moreover, the moderation effect of sector growth opportunities confirms this negative influence since in sectors characterized by high growth opportunities, the presence of women on boards was found to have a negative outcome.</p><!--/ Abstract__block -->\n<h3>Originality/value</h3>\n<p>The main contribution of the work lies in offering a comprehensive and thorough examination of the business category of innovative SMEs. Specifically, it extends previous research through a focus on board gender diversity of innovative SMEs by examining the impact of the presence of women in their boardrooms on firm performance outcomes. Furthermore, it provides an analysis of this effect, considering both high-growth and low-growth sectors.</p><!--/ Abstract__block -->","PeriodicalId":51462,"journal":{"name":"European Journal of Innovation Management","volume":"42 1","pages":""},"PeriodicalIF":5.0000,"publicationDate":"2024-07-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"European Journal of Innovation Management","FirstCategoryId":"91","ListUrlMain":"https://doi.org/10.1108/ejim-10-2023-0926","RegionNum":3,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0
Abstract
Purpose
Investigating the drivers that contribute to the success of small and medium-sized enterprises (SMEs) is crucial for ensuring the overall growth and sustainability of a country. The purpose of this research is to investigate the role of gender diversity on the Board of Directors of innovative SMEs to understand whether the presence of women on boards can improve the performance of such organizations devoted to introducing technological advancements in the product market.
Design/methodology/approach
The study adopts a quantitative approach, using a sample of 2,264 Italian innovative SMEs. These companies were selected from non-financial sectors and collected from Analisi informatizzata delle Aziende Italiane (AIDA), a database provided by Bureau van Dijk. An unbalanced panel data involving a period from 2016 to 2021 was used with a total of 12,173 observations.
Findings
Our findings suggest that female representation has a negative effect on a company's financial performance. Moreover, the moderation effect of sector growth opportunities confirms this negative influence since in sectors characterized by high growth opportunities, the presence of women on boards was found to have a negative outcome.
Originality/value
The main contribution of the work lies in offering a comprehensive and thorough examination of the business category of innovative SMEs. Specifically, it extends previous research through a focus on board gender diversity of innovative SMEs by examining the impact of the presence of women in their boardrooms on firm performance outcomes. Furthermore, it provides an analysis of this effect, considering both high-growth and low-growth sectors.
目的 研究促进中小型企业（SMEs）成功的驱动因素对于确保一个国家的整体增长和可持续性至关重要。本研究的目的是调查性别多样性在创新型中小型企业董事会中的作用，以了解董事会中女性的存在是否能提高这些致力于在产品市场中引进先进技术的组织的绩效。这些公司选自非金融行业，由 Bureau van Dijk 提供的数据库 Analisi informatizzata delle Aziende Italiane (AIDA)收集。我们使用的是 2016 年至 2021 年的非平衡面板数据，共有 12,173 个观测值。此外，行业增长机会的调节效应也证实了这种负面影响，因为在具有高增长机会特征的行业中，女性在董事会中的存在被认为会产生负面结果。 原创性/价值这项工作的主要贡献在于对创新型中小企业的业务类别进行了全面而彻底的研究。具体而言，它通过重点关注创新型中小企业董事会的性别多样性，研究了女性在董事会中的存在对公司业绩结果的影响，从而扩展了以往的研究。此外，它还对高增长和低增长行业的这种影响进行了分析。
期刊介绍：
The subject of innovation is receiving increased interest both from companies because of their increased awareness of the impact of innovation in determining market success and also from the research community. Academics are increasingly beginning to place innovation as a priority area in their research agenda. This impetus has been partly fuelled by the Economic & Social Research Council (ESRC) who have designated innovation as one of nine research areas in their research initiative schemes.
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