TY - JOUR
T1 - ARE SHE-E-OS MORE RISK AVERSE? REVISITING THE IMPACT OF CEO GENDER ON MANAGERIAL RISK-TAKING
AU - Zhu, Zhu
AU - Nguyen, Huy Will
AU - Ren, Isabelle Yi
N1 - Publisher Copyright:
© 2025, Academy of Management. All rights reserved.
PY - 2025
Y1 - 2025
N2 - By differentiating managerial risk-taking into economic and relational dimensions, we revisit the relationship between CEO gender and managerial risk-taking behaviors. Grounded in the perspective of social role theory and prospect theory, we predict that compared with their male counterparts, female CEOs tend to take more economic risks but fewer relational risks. These relationships are stronger for female CEOs with low personal status compared to industry peers and for low-status firms. An analysis using a sample of 5,791 US firm-year observations over a 14-year period strongly supports our predictions. Our research sheds light on the complex interplay between gender roles, status, and the framework of risk-taking, especially in the context of economic risks and relational risks.
AB - By differentiating managerial risk-taking into economic and relational dimensions, we revisit the relationship between CEO gender and managerial risk-taking behaviors. Grounded in the perspective of social role theory and prospect theory, we predict that compared with their male counterparts, female CEOs tend to take more economic risks but fewer relational risks. These relationships are stronger for female CEOs with low personal status compared to industry peers and for low-status firms. An analysis using a sample of 5,791 US firm-year observations over a 14-year period strongly supports our predictions. Our research sheds light on the complex interplay between gender roles, status, and the framework of risk-taking, especially in the context of economic risks and relational risks.
UR - https://www.scopus.com/pages/publications/105009400197
U2 - 10.5465/AMPROC.2025.322bp
DO - 10.5465/AMPROC.2025.322bp
M3 - Conference article
AN - SCOPUS:105009400197
SN - 0065-0668
VL - 2025
JO - Academy of Management Annual Meeting Proceedings
JF - Academy of Management Annual Meeting Proceedings
IS - 1
T2 - 85th Annual Meeting of the Academy of Management, AOM 2025
Y2 - 25 July 2025 through 29 July 2025
ER -
