() and Michihito Ando
Yoshihiro Sato: European Institute of Japanese Studies, Postal: Stockholm School of Economics, P.O. Box 6501, S-113 83 Stockholm, Sweden
Michihito Ando: National Institute of Population and Social Security Research, Postal: Hibiya Kokusai Building 6th Floor, 2-2-3 Uchisaiwaicho, Chiyoda-ku, Tokyo, 100-0011, Japan
Abstract: We analyze whether gender composition at non-board managerial levels has any impact on firm productivity and other related outcomes in the service sector using a linked employer-employee dataset from Sweden. Exploiting within-firm variation, we apply a difference-in-differences propensity score matching method to address an endogeneity issue. Our results suggest no significant effects on productivity but significant positive effects on firms' growth in terms of value added and labor inputs when a firm “replaces” a male manager with a woman. We do not observe any impact when a firm “appoints” a woman instead of a man to a new managerial position.
59 pages, January 9, 2017
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