동남아시아 신흥시장 기업의 CEO 젠더와 치안 관리 간의 관계

Despite the impact of public safety on firm performance, little is known on what determines a firm’s security management in emerging markets. This study aims to investigate the effect of CEO gender on security management of manufacturing firms operating in Southeast Asian emerging markets. Based on the World Bank Enterprise Survey database, we collect a cross-national sample of 4,246 manufacturing firms from Indonesia, Malaysia, Philippines, Thailand, Vietnam, and Cambodia. Using Heckman two-stage regression model, this study analyzes the effects of CEO gender on security expenditure, crime loss, ratio of security cost to sales, and ratio of crime loss to sales. The findings of the current study are as follows: (1) female CEOs tend to have significantly negative association with security expenditure; (2) female CEOs are positively associated with crime loss; and (3) female CEOs are positively and significantly related to the ratio of crime losses to sales. The findings from this study enhance the understanding of security management in emerging markets by analyzing the relations between security management and CEO gender in Southeast Asian emerging markets. In addition, the results of the current research provide important managerial implications that female CEOs of firms in Southeast Asian emerging markets should pay more attention to and invest in corporate security. Based on these implications, firms entering the Southeast Asian emerging markets should establish policies or procedures to deal with security issues.