Does Gender Matter in the Performance of Family Firms? Evidence from the Czech Republic
Does Gender Matter in the Performance of Family Firms? Evidence from the Czech Republic

Author(s): Daniela Kolouchová, Ondřej Machek, Aleš Kubíček
Subject(s): Gender Studies, Business Economy / Management, Family and social welfare, Socio-Economic Research
Published by: Masarykova univerzita nakladatelství
Keywords: family firms; gender; performance; women’s directorship;
Summary/Abstract: This study aims to examine the effect of women’s presence in key management position on family company performance. On a sample of 343 observations of female-led firms and 2 668 observations of male-led Czech family firms from the period 2008-2013, we perform regression analysis and Student's t-test to find the differences in return on assets and its predictors. Women’s directorship is a statistically significant predictor of family business performance as measured by return on assets. Women who reach the top management positions in a family business perform better than their male counterparts, and family firms led by women use more debt and are smaller than family firms led by men. Female managers in family businesses are likely to contribute to their organization's current and future success, as well as to the success of their families. Supporting the advancement of women to higher positions and, at the same time, supporting family firms may be beneficial to society.

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