The More, the Merrier? Women in Top-Management Teams and Entrepreneurship in Established Firms

Jacob Lyngsie, Nicolai Juul Foss

    Research output: Contribution to journalJournal articleResearchpeer-review


    We study the association between firms' entrepreneurial outcomes and their gender composition. Though highly topical, there is little solid empirical knowledge of this issue, which calls for an inductive approach. We match a paired-respondent questionnaire survey with population-wide employer-employee data, and find evidence that the presence of female top managers is positively related to entrepreneurial outcomes in established firms. Yet, this relation is conditional on the proportion between male and female top managers. Another finding is that the overall proportion of women in the firm's workforce negatively moderates the relation between female top managers and entrepreneurial outcomes. We discuss various mechanisms that can explain these findings, and argue that they are best understood in terms of the dynamics of social categorization.
    Original languageEnglish
    JournalStrategic Management Journal
    Issue number3
    Pages (from-to)487–505
    Number of pages19
    Publication statusPublished - 2017


    • Female leadership advantage
    • Gender composition
    • Top-management teams
    • Entrepreneurship
    • Social categorization

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