Gender And Firm Performance: Do Female Ceos Make A Difference? Evidence From Hose Listed Companies

Abstract

This study examines the correlation between the Female gender of CEOs and the performance of firms in a sample of 234 publicly listed companies on the Ho Chi Minh Stock Exchange (HoSE) during a span of five years, resulting in a total of 1170 observations. The study seeks to offer valuable perspectives on the gender dynamics observed in corporate leadership specifically within the Vietnamese environment. Based on a comprehensive statistical examination of the extensive dataset, the research does not provide sufficient evidence to reject the null hypothesis. This paper suggests that there is no statistically significant association between female CEOs and the overall performance of firms. The study emphasizes the importance of taking into account multiple factors that impact firm performance, going beyond just the gender of the CEO in order to gain a more comprehensive understanding of the relationship between gender and corporate performance in Vietnam.