| dc.description.abstract | We examine the impact of CEO gender on the financial performance of Norwegian firms using panel data analysis from 2000 to 2020. Our study includes a comprehensive dataset of 160 091 firms and controls for variables such as firm size, industry, and time. We find a significant, but not necessarily a causal, relationship between CEO gender and financial performance. One possible explanation is a selection effect, where companies with lower profitability are more likely to appoint female CEOs. However, female CEOs are found to have a positive effect on firms' profit margin. By expanding the generalizability of findings and considering the external validity of existing research, our study contributes to a more nuanced understanding of the impact of gender diversity on financial performance. It provides insights for policymakers and practitioners to promote workplace gender diversity and foster inclusive and prosperous economies. | en_US |
