Información del artículo
Abstract
Recent research into the economic performance of women-controlled firms suggests that their underperformance may not be the result of differences in the managerial ability of women as compared to men, and that it may in fact be a consequence of differing levels of start-up resources. Using accounting data, we examine the effects that selected start-up conditions have had on the observed economic performance of a sample of 4450 Spanish manufacturing firms. The results, which indicate significant differences in the initial conditions and show lower levels of assets and employee numbers in women-controlled firms, have implications for the economic performance of such firms.
Key words:
Women controlled firms
performance
growth
initial resources
firm size
financial debt
manufacturing industries
Resumen
La investigación empírica sobre el desempeño económico de las empresas dirigidas por mujeres sugiere que las diferencias entre este y el desempeño observado en empresas dirigidas por hombres no se debe necesariamente a diferencias entre hombres y mujeres en cuanto a sus habilidades como gerentes de esas empresas sino más bien pueden ser el resultado de las diferencias en las condiciones iniciales en las que se crearon dichas empresas. Usando información contable, este trabajo examina los efectos que algunas condiciones iniciales puedan tener sobre el desempeño económico observado para una muestra de 4450 empresas manufactureras Españolas. Los resultados indican diferencias significativas entre las condiciones iniciales de las empresas dirigidas por mujeres y, respectivamente, por hombres. Para la muestra analizada las empresas dirigidas por mujeres tienen menos activos y un menor número de empleados lo que explica, al menos parcialmente, el menor desempeño en empresas gestionadas por mujeres.
Palabras clave:
empresas dirigidas por mujeres
desempeño empresarial
crecimiento
recursos iniciales
tamaño de la empresa
deuda financiera
industrias manufactureras
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