Lund Papers in Economic History, Department of Economic History, Lund University
A Winning Strategy? The employment of women and firm longevity during industrialization
() and Maria Stanfors
Abstract: Why do certain firms prosper and grow old while other
firms fail? Established knowledge tells us that it is related to the firm’s
ability to adapt to market conditions, for example through product
diversification, learning-by-doing, and through the adoption of new
strategies regarding technology, human resources, and management practices.
This paper argues that the employment of women constituted an important
competitive advantage for firms in nineteenth-century manufacturing. By
using new data covering the entire Swedish tobacco industry, estimating
duration models, we find that firms which employed more women were
considerably less likely to fail than firms which employed men. The
strategy of hiring women in order to reduce costs was a winning strategy
among firms in a labor-intensive industry in competitive markets. Thus the
adopters of this strategy lived on. The extended longevity of more
feminized firms, in turn, reshaped the whole industry. Industry
feminization may thus be seen as result of a competitive process in which
more feminized firms through longevity came to dominate the industry.
Keywords: Firm survival; longevity; competing risks; competition; female employment; (follow links to similar papers)
JEL-Codes: C41; L10; L66; (follow links to similar papers)
41 pages, November 26, 2014
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- This paper is published as:
Eriksson, Björn and Maria Stanfors, (2015), 'A Winning Strategy? The employment of women and firm longevity during industrialization', Business History., pages 988-1004
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