| By: |
Anaïs PERILLEUX (UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES), CIRTES and CERMiI);
Ariane SZAFARZ (Université Libre de Bruxelles (ULB), SBS-EM, CEB, and CERMi) |
| Abstract: |
This paper brings new insights on gender interaction in the management of
hybrid organizations. Our database comes from Union des Mutuelles du
Partenariat pour la Mobilisation de l’Epargne et du Crédit au Sénégal
(UM-PAMECAS), a Senegalese network made of 38 financial cooperatives providing
419,602 members with micro-loans. We use fixed-effect panel estimation to
analyze the interplay of female/male-dominated boards with female/male
managers. The regressions explain the average loan size and the proportion of
loans granted to women. Our results show that male managers mitigate the
social orientation of female-dominated boards. In contrast, female managers
tend to enhance this orientation. More puzzling is the influence of female
managers associated with male-dominated boards. In this case, the presence of
a female manager increases the average loan size and reduces the proportion of
loans granted to women. In sum, female managers tend to align their objectives
on those of the local board even though their hierarchy is at the central
level. They avoid as much as possible conflicts with their local board members. |
| Keywords: |
Gender, Leadership, Board, Microfinance, Financial cooperative, Senegal |
| JEL: |
G20 J54 O16 G34 O55 L31 |
| Date: |
2014–10–24 |
| URL: |
http://d.repec.org/n?u=RePEc:ctl:louvir:2014018&r=mfd |