Shattering the glass ceiling: Female leadership and acquisitiveness in family and nonfamily firms

Elisa Raoli*, Luca Pirolo, Barbara Sveva Magnanelli

*Corresponding author

Research output: Contribution to journalArticle

Abstract

This research investigates the impact of female CEOs on mergers and acquisitions (M&As) in family and nonfamily firms. With a sample of 165 Italian listed companies engaged in M&As from 2011 to 2016, the study explores whether CEO gender impacts on firm’s acquisitiveness in family and nonfamily firms. Findings indicate that having a female CEO is associated with lower acquisitiveness overall. However, this trend is not consistently observed in family firms, challenging conventional assumptions. This research contributes to understanding the nuanced dynamics of female leadership and M&As, shedding light on the role of CEO gender in distinct ownership contexts.
Original languageEnglish
Pages (from-to)1-6
Number of pages6
JournalFinance Research Letters
Volume67
DOIs
Publication statusPublished - 2024

Keywords

  • M&A
  • Female leadership
  • Diversity
  • Family firms

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