摘要：Using firm fixed-effects regression and data from Vietnamʼs Enterprise Censuses, this
study aims to test the female underperformance hypothesis. Our findings decisively undermine
these hypotheses. Female-managed firms are smaller than male-managed ones. However, once
observed variables and firm fixed-effects are controlled for, female-managed firms have higher
revenues and return on assets and capital than male-managed firms. Female-managed firms are
more likely to employ female workers and provide more jobs with social insurance. Compared
with male-managed firms, moreover, female-managed firms have a higher tax payment rate as
well as a higher tax payment amounts.
