March 17, 2014 Monday
Research Finding .
" When Women Take Over Family Firms, Profitability Increases ! ( international business statistic )
A study of thousands of family-owned firms in across the world reveals that, on average, ( a) " Replacing a male CEO with a woman improves a company’s profitability .
(b ) An effect that becomes more pronounced as the proportion of women on the board of directors increases "
says a team led by Mario Daniele Amore of Bocconi University in Milan.
Overall, the more women on the board of a female-led firm, the more profitable it is likely to be.
Reason ?
The presence of women directors may make female CEOs feel more comfortable, improving cooperation and facilitating information exchange, the researchers say.
SOURCE: Gender Interactions Within the Family Firm
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