Impacto de la mujer directiva en la salida a bolsa de empresas de alta tecnología: el efecto mediador de las patentes y el desarrollo de productos

Abstract

This paper examines the relationship between the representation of women on top management teams and the success of high-technology firms going public. Also, it analyzes how specific indicators of innovation capability can mediate such a relationship. The empirical research of a sample of dedicated biotechnology firms that completed an initial public offering in the stock market of the United States shows a negative and significant effect of the proportion of female executive managers; however, it demonstrates that the indicators of innovation have a positive influence as well as mediate and cause no significant effect of gender diversity.