Unlocking female CEOs' contribution to the internationalization of family‐controlled firms
研究女性CEO对家族控制企业国际化的影响，发现平均而言女性CEO领导的企业国际化程度较低，但当治理结构更开放、家族所有权稀释时，女性CEO能积极促进国际化。
Abstract Are female CEOs better or worse than male CEOs for the internationalization of family‐controlled firms? By addressing this question, we draw on Upper Echelons Theory (UET) and complement it with insights from the Behavioral Theory of the Firm (BTF) to examine the moderating role of governance and ownership openness. Using a large panel of 2150 Italian family‐controlled firms between 2011 and 2017, our findings indicate that the internationalization potential of female CEOs is often constrained within family‐controlled firms. Specifically, family firms led by female CEOs are, on average, less internationalized. However, when family firms adopt more open governance structures and dilute family ownership, female CEOs fully express their positive contribution to internationalization.