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Top management team gender diversity and the financial performance of Vietnamese SMEs: family and non-family owned firms

Nhat Minh Tran (Faculty of Business Management, National Economics University, Hanoi, Vietnam)
Que Giang Ngo (Faculty of Investment, National Economics University, Hanoi, Vietnam)
Quyet Thang Tran (Faculty of Business Management, National Economics University, Hanoi, Vietnam)

Gender in Management

ISSN: 1754-2413

Article publication date: 27 December 2022

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Abstract

Purpose

The purpose of this study is to investigate the impact of the gender diversity of top management teams (TMTs) on the financial performance (FP) of small and medium enterprises (SMEs) in Vietnam. This paper also examines the moderating effect of family control on this relationship.

Design/methodology/approach

Using a sample of SMEs in Vietnam, this paper uses descriptive statistics and balance panel regression with random effect to analyse 5,160 firm-year observations of family- and non-family-owned SMEs between 2011 and 2015.

Findings

The findings demonstrate that gender diversity in TMTs shows a negative relationship with the FP of family-controlled SMEs and no significant impact on FP of non-family SMEs. This study also illustrates a positive curvilinear relationship between the female manager rate in TMTs and firms’ FP in family SMEs.

Research limitations/implications

This research study is limited to data from Vietnamese SMEs. Future studies could investigate these relationships with larger firms and in a broader geographical context.

Originality/value

This study provides a better understanding of the impact of TMT gender diversity on FP in Vietnamese SMEs while considering the moderating effect of family control. The findings support some theories relating to managerial gender diversity and the effect of family control on this diversity in family SMEs.

Keywords

Citation

Tran, N.M., Ngo, Q.G. and Tran, Q.T. (2022), "Top management team gender diversity and the financial performance of Vietnamese SMEs: family and non-family owned firms", Gender in Management, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/GM-11-2021-0345

Publisher

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Emerald Publishing Limited

Copyright © 2022, Emerald Publishing Limited

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