Event Title

Gender and Firm Innovation: Evidence From Transition Economies

Session

Management, Business and Economics

Description

Innovation represents a key predictor of firm performance, international competitiveness and overall economic growth. While the determinants of innovation have been extensively investigated in the literature, research on the relationship between gender and innovation remains scarce, especially in the context of transition economies. Employing data from the most recent enterprise surveys (2018-2020), conducted by the EBRD, EIB and the World Bank, this study aims to assess the relationship between the participation of women in ownership structures, and top management and firm innovation, while controlling for many other firm characteristics. The results of this investigation suggest a positive association between the presence of at least one woman among owners and both, product and process innovation, the effect being less significant for the latter. The empirical findings also support the hypothesis that having a woman top manager increases a firm’s probability of carrying out product innovation. The effect is statistically insignificant in the case of process innovation.

Keywords:

Gender, women, innovation, transition economies

Session Chair

Edmond Hajrizi

Session Co-Chair

Naim Preniqi

Proceedings Editor

Edmond Hajrizi

ISBN

978-9951-437-96-7

Location

Lipjan, Kosovo

Start Date

31-10-2020 9:00 AM

End Date

31-10-2020 10:30 AM

DOI

10.33107/ubt-ic.2020.310

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Oct 31st, 9:00 AM Oct 31st, 10:30 AM

Gender and Firm Innovation: Evidence From Transition Economies

Lipjan, Kosovo

Innovation represents a key predictor of firm performance, international competitiveness and overall economic growth. While the determinants of innovation have been extensively investigated in the literature, research on the relationship between gender and innovation remains scarce, especially in the context of transition economies. Employing data from the most recent enterprise surveys (2018-2020), conducted by the EBRD, EIB and the World Bank, this study aims to assess the relationship between the participation of women in ownership structures, and top management and firm innovation, while controlling for many other firm characteristics. The results of this investigation suggest a positive association between the presence of at least one woman among owners and both, product and process innovation, the effect being less significant for the latter. The empirical findings also support the hypothesis that having a woman top manager increases a firm’s probability of carrying out product innovation. The effect is statistically insignificant in the case of process innovation.