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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w23454 |
来源ID | Working Paper 23454 |
And the Children Shall Lead: Gender Diversity and Performance in Venture Capital | |
Paul A. Gompers; Sophie Q. Wang | |
发表日期 | 2017-05-29 |
出版年 | 2017 |
语种 | 英语 |
摘要 | With an overall lack of gender and ethnic diversity in the innovation sector documented in Gompers and Wang (2017), we ask the natural next question: Does increased diversity lead to better firm performances? In this paper, we attempt to answer this question using a unique dataset of the gender of venture capital partners’ children. First, we find strong evidence that parenting more daughters leads to an increased propensity to hire female partners by venture capital firms. Second, using an instrumental variable set-up, we also show that improved gender diversity, induced by parenting more daughters, improves deal and fund performances. These effects concentrate overwhelmingly on the daughters of senior partners than junior partners. Taken together, our findings have profound implications on how the capital markets could function better with improved diversity. |
主题 | Financial Economics ; Financial Institutions |
URL | https://www.nber.org/papers/w23454 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/581127 |
推荐引用方式 GB/T 7714 | Paul A. Gompers,Sophie Q. Wang. And the Children Shall Lead: Gender Diversity and Performance in Venture Capital. 2017. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w23454.pdf(414KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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