Women CEOs and firm performance in the construction industry: evidence from Spain

Hernández Nicolás, Carmen María; Martín Ugedo, Juan Francisco; Minguez Vera, Antonio

Publication:
Women CEOs and firm performance in the construction industry: evidence from Spain

dc.contributor.author	Hernández Nicolás, Carmen María
dc.contributor.author	Martín Ugedo, Juan Francisco
dc.contributor.author	Minguez Vera, Antonio
dc.contributor.department	Organización de Empresas y Finanzas
dc.contributor.other	Facultades, Departamentos, Servicios y Escuelas::Departamentos de la UMU::Organización de Empresas y Finanzas	es
dc.date.accessioned	2023-12-18T09:10:52Z
dc.date.available	2023-12-18T09:10:52Z
dc.date.issued	2021
dc.description	©2021. This manuscript version is made available under the CC-BY-NC 4.0 license http://creativecommons.org/licenses/by-nc/4.0/ This document is the Accepted version of a Published Work that appeared in final form in Engineering, Construction and Architectural Management. To access the final edited and published work see https://doi.10.1108/ECAM-09-2020-0701	es
dc.description.abstract	Purpose – The construction industry has traditionally been a male-dominated economic sector. Barely 10% of managers are women. On the other hand, this sector is considered an engine of the economy. For these reasons, it is important to examine the influence of women CEOs on financial variables of firms in the construction industry. Design/methodology/approach – The empirical study is carried out using a sample from the Iberian Balance Sheet Analysis System record (“Sistema de An alisis de Balances Ib erico”, SABI). The sample includes 8,492 Spanish companies from the construction sector. The methodology employed is a three-stage least squares (3SLS) analysis. This methodology controls for the endogeneity of explanatory variables. It is employed in accordance with the peculiar characteristics of the sample, which includes data for only one year. Findings – The results show that firms with a woman CEO have a lower level of debt, whatever the terms of the maturity of the debt are. In contrast to most previous evidence, firms managed by women are found to be less profitable. Originality/value – The paper gives evidence of the influence of the CEO’s gender on the performance (return and risk) of a firm. It provides original empirical evidence for the male-dominated construction sector. An extensive search identified no literature in which the researchers had focused on the construction industry	es
dc.format	application/pdf	es
dc.format.extent	15	es
dc.identifier.citation	Engineering, Construction and Architectural Management
dc.identifier.doi	https://doi.10.1108/ECAM-09-2020-0701
dc.identifier.issn	0969-9988
dc.identifier.issn	1365-232X
dc.identifier.uri	http://hdl.handle.net/10201/136691
dc.language	eng	es
dc.relation	Sin financiación externa a la Universidad	es
dc.rights	info:eu-repo/semantics/openAccess	es
dc.rights	Atribución-NoComercial 4.0 Internacional	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc/4.0/	*
dc.subject	Construction industry	es
dc.subject	Women CEO	es
dc.subject	Debt	es
dc.subject	Returns	es
dc.title	Women CEOs and firm performance in the construction industry: evidence from Spain	es
dc.type	info:eu-repo/semantics/article	es
dspace.entity.type	Publication	es