The impact of gender on financial performance: evidence for portuguese SMEs

dc.contributor.authorPacheco, Luís Miguel
dc.contributor.authorLobo, Carla Azevedo
dc.contributor.authorMaldonado, Isabel
dc.description.abstractThe relationship between gender and profitability in the context of Small and Medium Enterprises (SMEs) is a less studied topic in the broader context of performance determinants. Thus, the objective of this paper is to examine whether women’s leadership of the firms’ board of directors and senior management teams enhances financial performance. Contributing to fill this research gap and based on the agency and stakeholder theories, it is used a balanced panel data of 4.806 Portuguese SMEs for the period from 2010 to 2019. The results from the random-effects model evidence the absence of a broad significant relationship, albeit with some slight evidence of a negative relation, moderated by firm age and present in some specific sectors of activity. Given the SMEs importance in the majority of countries, the results and implications of this paper can be generalized to other economies.pt_PT
dc.identifier.citationPacheco, L. M., Lobo, C. A., & Maldonado, I. (2021). The impact of gender on financial performance: evidence for portuguese SMEs . In: TAKE 2021 Conference, The Multidisciplinary Conference on Intangibles. Porto, Universidade Portucalense, July 7/8/9, 2021. Disponível no Repositório UPT,
dc.relationIEcPBI – Interactive Ecosystem for Portuguese Business Internationalizationpt_PT
dc.rightsopen accesspt_PT
dc.subjectFinancial performancept_PT
dc.subjectGender diversitypt_PT
dc.subjectAgency theorypt_PT
dc.subjectStakeholder theorypt_PT
dc.titleThe impact of gender on financial performance: evidence for portuguese SMEspt_PT
degois.publication.locationUniversidade Portucalense, Infante D. Henriquept_PT
degois.publication.titleTAKE 2021 Conference Proceedings, The Multidisciplinary Conference on Intangiblespt_PT
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