Top management team composition and financial performance: examining the role of gender diversity

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dc.contributor.authorEgerová, Dana
dc.contributor.authorNosková, Marta
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2019-06-15T15:51:00Z
dc.date.available2019-06-15T15:51:00Z
dc.description.abstractDespite the growing research on the effect of top management team gender diversity on company financial performance, the results remain inconclusive. The theoretical framework guiding this study includes the upper echelons theory and critical mass theory. Under the upper echelons theory framework, the study investigates whether female participation in top management teams positively influences company financial performance. Based on critical mass theory, the study attempts to determine what percentage of women in a top management team constitutes a critical mass. Unlike most previous studies, both theories are applied to only the context of 823 small- and medium-sized enterprises (SMEs) with a workforce between 50 to 250 employees in the manufacturing sector in the Czech Republic. The findings indicate that the premises of the upper echelons theory are also applicable to SMEs. At the same time, the findings show limited support for critical mass theory. More specifically, this study does not support a linear relationship between the number of women in top management team and financial performance and only partially supports a U-shaped curvilinear relationship. The implications of the findings and suggestions for future research are also discussed. In sum, this study brings new insight to the area of gender diversity in top management and advances the gender diversity literature’s understanding of the relationship between top management team composition and company financial performance. Moreover, the study provides a better understanding of the key role of a critical mass in top management teams.en
dc.formattext
dc.identifier.doi10.15240/tul/001/2019-2-009
dc.identifier.eissn2336-5604
dc.identifier.issn1212-3609
dc.identifier.urihttps://dspace.tul.cz/handle/15240/152600
dc.language.isoen
dc.publisherTechnická Univerzita v Libercics
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisher.abbreviationTUL
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dc.relation.ispartofEkonomie a Managementcs
dc.relation.ispartofEconomics and Managementen
dc.relation.isrefereedtrue
dc.rightsCC BY-NC
dc.subjecttop management teamen
dc.subjectgender diversityen
dc.subjectfinancial performanceen
dc.subjectcritical massen
dc.subjectupper echelon theoryen
dc.subject.classificationJ16
dc.subject.classificationM16
dc.titleTop management team composition and financial performance: examining the role of gender diversityen
dc.typeArticleen
local.accessopen
local.citation.epage143
local.citation.spage129
local.facultyFaculty of Economics
local.filenameEM_2_2019_09
local.fulltextyes
local.relation.abbreviationE+Mcs
local.relation.abbreviationE&Men
local.relation.issue2
local.relation.volume22
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