Female CEOs and investment efficiency in the Vietnamese market

This paper proposes female CEOs’ overconfidence and risky behavior stem from gender stereotype threats. With two subsamples in Vietnam—firms in the Northern and Southern regions–we empirically show that female CEOs in the North, where there is less gender stereotype, tend to overinvest relative to m...

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Main Authors: SONG, Jun Myung, CHUNG, Chune Young
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2023
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Online Access:https://ink.library.smu.edu.sg/skbi/27
https://ink.library.smu.edu.sg/context/skbi/article/1027/viewcontent/Female_CEOs_and_Investment_Efficiency_in_the_Vietnamese_Market.pdf
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spelling sg-smu-ink.skbi-10272023-06-19T03:56:25Z Female CEOs and investment efficiency in the Vietnamese market SONG, Jun Myung CHUNG, Chune Young This paper proposes female CEOs’ overconfidence and risky behavior stem from gender stereotype threats. With two subsamples in Vietnam—firms in the Northern and Southern regions–we empirically show that female CEOs in the North, where there is less gender stereotype, tend to overinvest relative to male CEOs. However, in the South, they are indifferent. Additional analysis reinforces the main finding that female CEOs from the North tend to take more risks even when dealing with market volatility and uncertainty (e.g., the COVID-19 pandemic). Such risky behaviors of female CEOs in the North do not deteriorate firm value but instead, possibly improve firm performance. 2023-06-01T07:00:00Z text application/pdf https://ink.library.smu.edu.sg/skbi/27 https://ink.library.smu.edu.sg/context/skbi/article/1027/viewcontent/Female_CEOs_and_Investment_Efficiency_in_the_Vietnamese_Market.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Sim Kee Boon Institute for Financial Economics eng Institutional Knowledge at Singapore Management University female CEOs Vietnam gender stereotype Asian Studies Finance and Financial Management Human Resources Management Leadership Studies Strategic Management Policy
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic female CEOs
Vietnam
gender
stereotype
Asian Studies
Finance and Financial Management
Human Resources Management
Leadership Studies
Strategic Management Policy
spellingShingle female CEOs
Vietnam
gender
stereotype
Asian Studies
Finance and Financial Management
Human Resources Management
Leadership Studies
Strategic Management Policy
SONG, Jun Myung
CHUNG, Chune Young
Female CEOs and investment efficiency in the Vietnamese market
description This paper proposes female CEOs’ overconfidence and risky behavior stem from gender stereotype threats. With two subsamples in Vietnam—firms in the Northern and Southern regions–we empirically show that female CEOs in the North, where there is less gender stereotype, tend to overinvest relative to male CEOs. However, in the South, they are indifferent. Additional analysis reinforces the main finding that female CEOs from the North tend to take more risks even when dealing with market volatility and uncertainty (e.g., the COVID-19 pandemic). Such risky behaviors of female CEOs in the North do not deteriorate firm value but instead, possibly improve firm performance.
format text
author SONG, Jun Myung
CHUNG, Chune Young
author_facet SONG, Jun Myung
CHUNG, Chune Young
author_sort SONG, Jun Myung
title Female CEOs and investment efficiency in the Vietnamese market
title_short Female CEOs and investment efficiency in the Vietnamese market
title_full Female CEOs and investment efficiency in the Vietnamese market
title_fullStr Female CEOs and investment efficiency in the Vietnamese market
title_full_unstemmed Female CEOs and investment efficiency in the Vietnamese market
title_sort female ceos and investment efficiency in the vietnamese market
publisher Institutional Knowledge at Singapore Management University
publishDate 2023
url https://ink.library.smu.edu.sg/skbi/27
https://ink.library.smu.edu.sg/context/skbi/article/1027/viewcontent/Female_CEOs_and_Investment_Efficiency_in_the_Vietnamese_Market.pdf
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