National Culture and Women Managers: Evidence From Microfinance Institutions Around the World
研究了国家文化对女性管理者任命的影响，发现个人主义和不确定性规避高的社会女性管理者更少，而权力距离高的社会则更多，且女性非管理者的数量会调节这一关系。
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.