Female Managers in Hybrid Organizations: Evidence from Financial Cooperatives in Senegal

Anaïs Périlleux () and Ariane Szafarz

No 2014018, LIDAM Discussion Papers IRES from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

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 (search for similar items in EconPapers)
JEL-codes: G20 G34 J54 L31 O16 O55 (search for similar items in EconPapers)
Pages: 26
Date: 2014-10-24
New Economics Papers: this item is included in nep-afr, nep-cfn, nep-dev and nep-mfd
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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvir:2014018

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