Proceedings of the 3rd International Conference on Big Data Economy and Digital Management, BDEDM 2024, January 12–14, 2024, Ningbo, China

Research Article

Impact of Executive Gender on High-quality Development of Non-family Enterprises--Based on the Empirical Test of Listed Enterprises in China

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  • @INPROCEEDINGS{10.4108/eai.12-1-2024.2347180,
        author={Manxue  Chen and Yanting  Ma and Tianze  Liu},
        title={Impact of Executive Gender on High-quality Development of Non-family Enterprises--Based on the Empirical Test of Listed Enterprises in China},
        proceedings={Proceedings of the 3rd International Conference on Big Data Economy and Digital Management, BDEDM 2024, January 12--14, 2024, Ningbo, China},
        publisher={EAI},
        proceedings_a={BDEDM},
        year={2024},
        month={6},
        keywords={executive gender; high-quality development of non-family enterprises; executive gender structure; china},
        doi={10.4108/eai.12-1-2024.2347180}
    }
    
  • Manxue Chen
    Yanting Ma
    Tianze Liu
    Year: 2024
    Impact of Executive Gender on High-quality Development of Non-family Enterprises--Based on the Empirical Test of Listed Enterprises in China
    BDEDM
    EAI
    DOI: 10.4108/eai.12-1-2024.2347180
Manxue Chen1, Yanting Ma1, Tianze Liu2,*
  • 1: School of Economics and Management Beihua University
  • 2: School of Mathematics and Statistics Beihua University
*Contact email: 407715007@qq.com

Abstract

At present, more and more women are holding key positions in enterprises and becoming an indispensable force for the development of enterprises. Based on the data of non-family enterprises listed on China's A-share market from 2015 to 2021, this paper explored the impact of executive gender on the high-quality development of enterprises. According to the fundamental regression findings: Female CEOs can promote high-quality development of non-family enterprises. Analysis based on the gender structure of the management shows that: The female-male combination of CEO and chairman has the most significant positive effect on the high-quality development of enterprises, and the positive effect of female CEOs on the high-quality development of enterprises is mainly reflected in enterprises with a high degree of gender diversity in the Board. After dividing the enterprise lifecycle, it is found that the positive impact of female CEOs on the high-quality development of enterprises is most significant in the growth and maturity stages. The heterogeneity analysis of financial flexibility shows that the impact of female CEOs on the high-quality development of enterprises is significant in enterprises with high financial flexibility.