Table 1

Description of variables

VariablesMeasureSource
Dependent variables
Liquidity index (LI)Ratio between short-term assets and short-term liabilitiesItalian Public Administration Open Data (Banca dati della Pubblica Amministrazione)
Return on Sales (ROS)Ratio between operating income and revenuesItalian Public Administration Open Data (Banca dati della Pubblica Amministrazione)
Independent variable
Top management (C1)Ratio between women covering top management positions and top management positionsPersonnel count (Italian Ministry of Finance)
Non-health professionals (C2)Ratio between non-health professional women and non-health professionalsPersonnel count (Italian Ministry of Finance)
Health professionals (C3)Ratio between health professional women and health professionalsPersonnel count (Italian Ministry of Finance)
Non-health staff (C4)Ratio between non-health staff women and non-health staffPersonnel count (Italian Ministry of Finance)
Health staff (C5)Ratio between health staff women and health staffPersonnel count (Italian Ministry of Finance)
Control variables
Dimension (SIZE)Number of hospital bedsOpen data, Ministry of health
Personnel cost (HUMEXP)Percentage of personnel cost over production costsItalian Public Administration Open Data (Banca dati della Pubblica Amministrazione)
Financial cost (FC)Percentage of financial cost over production costsItalian Public Administration Open Data (Banca dati della Pubblica Amministrazione)
Age (AGE)Percentage of employees under 50 years oldPersonnel count (Italian Ministry of Finance)

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