Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/243418 
Year of Publication: 
2021
Series/Report no.: 
WIDER Working Paper No. 2021/92
Publisher: 
The United Nations University World Institute for Development Economics Research (UNU-WIDER), Helsinki
Abstract: 
This paper investigates whether firm performance differs significantly when comparing firms with female and male top managers in the Caribbean region. We use survey data with detailed information on gender for firms in 13 Caribbean countries. Our methodology is based on Blinder- Oaxaca decomposition and propensity score matching econometric techniques. These allow us to ascertain whether there is a gender gap in labour productivity in these countries and the extent to which the characteristics of the management team, the firm, and/or environmental constraints hamper the normal development of production or service activities. The results from the regression analysis indicate that female-managed firms are, on average, 16 per cent less productive than male-managed firms. This difference is reduced to 8 per cent when using propensity score matching and when comparing firms and management teams with similar characteristics. Moreover, having some gender diversity in the management team contributes to increasing labour productivity.
Subjects: 
Caribbean region
firm performance
gender gap
propensity score matching
JEL: 
C21
J16
O54
P42
Persistent Identifier of the first edition: 
ISBN: 
978-92-9267-032-0
Document Type: 
Working Paper

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