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National Culture and Women Managers: Evidence from Microfinance Institutions around the World

Afrifa, Godfred Adjapong, Gyapong, Ernest (2019) National Culture and Women Managers: Evidence from Microfinance Institutions around the World. Business & Society, . ISSN 0007-6503. E-ISSN 1552-4205. (doi:10.1177/0007650319876101) (KAR id:77093)

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Abstract

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 2456 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 non-managers reduces (increases) the appointment of women managers in high individualistic (uncertainty avoidance) cultures. Our findings challenge the “one size fit all” approach adopted by policymakers around the world to increase women manager appointments. Our results are robust to endogeneity.

Item Type: Article
DOI/Identification number: 10.1177/0007650319876101
Uncontrolled keywords: National Culture, Women Managers, Microfinance Institutions
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions: Divisions > Kent Business School - Division > Department of Accounting and Finance
Depositing User: Godfred Afrifa
Date Deposited: 07 Oct 2019 10:49 UTC
Last Modified: 08 Dec 2022 23:06 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/77093 (The current URI for this page, for reference purposes)

University of Kent Author Information

Afrifa, Godfred Adjapong.

Creator's ORCID: https://orcid.org/0000-0003-3670-8812
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