Female hospitality executives and their effects on firm performance

Stefan Gröschl · Sridhar Arcot

34 citations0/0 files storedTourism and Hospitality Research

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Gender Diversity and Inequality Team Dynamics and Performance Gender Politics and Representation

Abstract

While increased gender diversity at operational and managerial levels in the hotel industry can be observed, women represent only a small minority in top management positions and at the highest levels of executive leadership. This paper explores gender compositions in executive management teams of hotel firms and provides comprehensive longitudinal empirical data, which shows how increases of female hotel executive managers impact the financial performance of their hotel organizations. The authors determine the threshold needed for the female managers to exert influence in their hotel-executive management teams and explore the different percentage ranges of gender diversity and their impact on hotel performances below and above the threshold or critical mass point. The findings of this study have implications for hotel firms in terms of making more informed decisions on gender diversity-related program and affirmative action policies.

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References

1997Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?2003Corporate Governance and Equity Prices 2003Corporate Governance, Board Diversity, and Firm Value 1977Some Effects of Proportions on Group Life: Skewed Sex Ratios and Responses to Token Women 2007Gender Diversity in the Boardroom and Firm Financial Performance 2006Work Group Diversity 2011Women Directors on Corporate Boards: From Tokenism to Critical Mass 2012Does female representation in top management improve firm performance? A panel data investigation

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2021Gender Affirmative Action and Management: A Systematic Literature Review on How Diversity and Inclusion Management Affect Gender Equity in Organizations 2023Enhancing Performance and Perceived Justice in Hospitality Organizations: An Integrated Model of Gender Diversity Within Top Management Teams 2022Top management team gender diversity and the financial performance of Vietnamese SMEs: family and non-family owned firms 2020How hospitality firm executive diversity affects firm performance 2017

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