Does Female Leadership Boost Firm Profitability?

Kotiranta AnnuKovalainen AnneRouvinen Petri

Less than a tenth of Finnish firms’ CEOs and chairmen of the board are women; less than a fourth of Finnish firms’ board members are women. An empirical regression analysis of a large firm-level data set suggests that a company led by a women CEO is on average about ten per cent more profitable than a corresponding company led by a man, even after taking into account a number other factors (such as firm size and industry) possibly affecting profitability. The share of woman board members also has a similar impact. The effect of the chairman’s gender is statistically insignificant. These findings are partial correlations; due to data limitations neither causality nor underlying factors are studied

Information om publikationen

Serie
Discussion Papers no. 1110
Nyckelord
sukupuoli, tasa-arvo, syrjintä, yritys, kannattavuus, hallintotapa
Nyckelord
gender, equality, discrimination, firm, profitability, corporate governance
JEL
J16,J71,L25,M14,M51
Sidor
23
Pris
10 €
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Språk
Finska