When does Gender Diversity Matter in Entrepreneurial Teams? The Case of Colombia

Abstract

Gender diverse entrepreneurial teams are said to benefit women entrepreneurship in male dominated cultures and industries. However, we have a limited empirical understanding of the reality of this claim. This study explores the conditions conditions under which women membership in entrepreneurial teams results in higher financial performance within a male dominated cultural context (i.e., Colombia). Our results indicate that women membership in entrepreneurial teams is likely to influence financial performance when teams have a critical mass of women membership either as a percentage of women members or as a percentage of women ownership stake. These results are stronger for teams that have family ties.