A new study found that public companies with women CEOs or CFOs often were more profitable and produced better stock price performance than many of the companies that had appointed men to those roles.
A new study from S&P Global Market Intelligence found that public companies with women CEOs or CFOs often were more profitable and produced better stock price performance than many of the companies that had appointed men to those roles.The study looked at new CEO and CFO appointments for companies on the Russell 3000 Index over the past 17 years. All told, it considered 5,825 new appointments, of which 578 were of women.
Women executives may be held to a higher standardWhy did the women CEOs and CFOs do so well? Did they perform their jobs differently than their male counterparts? The study analyzed the language used in the newly appointed executives' biographies, especially key words that reflect achievements, education and personal traits associated with success -- words like productivity, technology, Wharton and leadership.
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