Women in company leadership tied to higher profits, study finds

Author: Daniel Victor, New York Times (USA), Published on: 11 February 2016

"Women in Company Leadership Tied to Stronger Profits, Study Says", 9 Feb 2016

…Having women in the highest corporate offices is correlated with increased profitability, according to a new study of nearly 22,000 publicly traded companies in 91 countries…Almost 60 percent of the companies reviewed had no female board members, and more than 50 percent had no female executives. Just under 5 percent had a female chief executive. The study found that female C.E.O.s did not significantly underperform or overperform when compared with male chief executives. While it found some indications that having more women on boards was correlated with higher profitability…[T]he data was clear about women in top management positions. An increase in the share of women from zero to 30 percent would be associated with a 15 percent rise in profitability…The study found that mandated maternity leave was not correlated with more female leadership, but stronger paternity leave policies were…

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