Abstract:
The nexus between women leadership and corporate innovation in the context of developing world is key objective of this. To evaluate such narrative, firm-level data is acquired using World Bank data, and a sample of approximately 20,000 observations from 29 developing nations was collected over a four-year period (2015-2018). The findings support the hypothesis and verify significantly positive relationship between women in leadership roles and corporate innovation. These findings verify the Upper Echelons (UE) and Critical Mass (CM) theories which state that gender-based diversity among business leaders/top management impacts strategic decision-making, such as corporate innovation. Moreover, female representation in top management can bring diverse viewpoints, capabilities, knowledge, and customs which improve the functions and outcomes of the organization.
