'It is not because companies perform worse after they appoint female directors.'
Research has found little to no evidence supporting the idea that companies with female board directors perform better than companies run by all-male boards. A recent study, of board composition and financial data on 1,644 public companies in the United States between 1998 and 2011, finds that companies that appoint women to the board are no more profitable than those that do not. Nor are they any less profitable, for that matter.
Another explanation is that investors react to what they perceive to be a change in firm preferences. Increases in board diversity may signal to investors that the firm is motivated by social goals and cares less about maximizing shareholder value. And to the extent investors care about shareholder value, they will penalize those companies they suspect are putting other goals first.
We showed them a press release of a fictional company, announcing the appointment of Jack Smith or Marilyn Clark as a new member of the board. Besides the name of the director, the press releases were identical. We then gave the participants a list of 10 corporate goals and asked them how much they thought the company cared about each of them. We also asked them to evaluate the competence of the new board member.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Why stock-market investors should fear a 2020 election ‘sweep’ most of allHistory indicates that a clean sweep by Democrats or Republicans next November would be bad news for stocks, analysts warn.
Consulte Mais informação »
Why Giuliani Eyed 2 Ukrainian Oligarchs for Help in Digging DirtVIENNA -- They were two Ukrainian oligarchs with American legal problems. One had been indicted on federal bribery charges. The other was embroiled in a vast banking scandal and was reported to be under investigation by the FBI.And they had one more thing in common: Both had been singled out by Rudy
Consulte Mais informação »
Why Do We Lionize Bad Bosses?“Power doesn’t always go to those who know best what to do with it, and for those who aren’t sure how to confidently project authority and competence when they become the bosses, being mean can feel like an easy and familiar shorthand,” writes RTraister
Consulte Mais informação »
Why some black voters want more from the 2020 Democratic fieldEleven years after Barack Obama electrified African American primary voters, some black Democrats are searching for a presidential candidate who can inspire them as he did -- and beat Donald Trump. A plurality of black voters in the most recent ABC News/Washington Post poll say they prefer Obama’s
Consulte Mais informação »