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The Relationship Between Hiring Female Managers and a Financial Firm's Socially Equitable Practices: Impact on Development Practices and Definitions

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Abstract

This thesis studies the relationship between the percentage of female managers and a financial firm’s socially equitable practices. The hypothesis presented is that a higher percentage of female managers will correspond to higher levels of firm engagement with socially equitable practices. This analysis is conducted using the MIX Market data set from the World Bank and mixed-effects regressions that include both fixed and random effects. Prior work has found that greater numbers of women in top and middle management positively influence a firm’s social responsibility, particularly when this social responsibility is connected to higher profits or increased company success. This thesis explores how these findings extend to financial firms specifically and how definitions for social responsibility can be shifted to include internal and external practices to benefit both the firm and all of its stakeholders. In addition to generating an empirical model to describe the correlation between the percentage of female managers and the prevalence of socially equitable practices, this thesis applies the mixed-effects model to Burkina Faso in relation to their youth female literacy rate. Overall, the number of personnel and the number of active borrowers both had a statistically significant effect on the firm’s socially equitable practices at the 0.1% significance level (p<0.001), controlling for firm and country level fixed effects (n=599).

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67 pages

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Date Issued

2023-08

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Keywords

Burkina Faso; female managers; financial firms; management; social constructs

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Committee Chair

Wolfolds, Sarah

Committee Co-Chair

Committee Member

Dillenburg Scur, Daniela

Degree Discipline

Applied Economics and Management

Degree Name

M.S., Applied Economics and Management

Degree Level

Master of Science

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Government Document

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dissertation or thesis

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