The Effect of Female Participation in Top Management Teams on the Firms' Innovation of Chinese Growth Enterprise Market (GEM) Companies

Abstract

According to the social changes, the gender gap is getting smaller recently. Therefore, in recent years all over the world especially developed country and also including China the rise of women right has attracted social attention. At the number of scholars is increasing to explore how female participant in the labor force especially in top management teams (TMT) affects firm's corporate performance.  However, there are few scholars that study the impact of female executive in the technological innovation. This article examined the emerging role of female in top management teams (TMT) and firm innovation in the emerging Chinese Growth Enterprise Market (GEM) during 2016-2108. In the meanwhile, we examine how human capital of female executive and industry differences moderate the relationship between female executive and firm innovation. The result shows that female executives have no significant relationship between the participation of female executive and technological innovation. In different industry factor companies in the technology and telecommunications industries have a higher level of technological innovation.