National Culture and Women Managers: Evidence From Microfinance Institutions Around the World
Source of Publication
Business and Society
© The Author(s) 2019. We investigate the effect of national culture on women manager appointments. We argue that culture influences women manager appointments through their effects on managerial decision-making. Using firm-level data on 2,456 microfinance institutions (MFIs) across 61 countries, we document that fewer women managers are appointed in societies high on individualism and uncertainty avoidance. On the contrary, high power distance societies are positively associated with the appointment of women managers. We demonstrate that a greater number of women nonmanagers reduces (increases) the appointment of women managers in high individualistic (uncertainty avoidance) cultures. Our findings challenge the “one-size-fit-all” approach adopted by policy makers around the world to increase women manager appointments. Our results are robust to endogeneity.
SAGE Publications Ltd
microfinance institutions, national culture, women managers
Gyapong, Ernest and Afrifa, Godfred Adjapong, "National Culture and Women Managers: Evidence From Microfinance Institutions Around the World" (2019). All Works. 2468.
Indexed in Scopus
Open Access Type
Green: A manuscript of this publication is openly available in a repository