Firms with Women Directors Do Better

Stock returns are lower for companies with men-only boards.

Companies with women on their boards performed better in challenging markets than those with all-male boards in a study suggesting that mixing genders may temper risky investment moves and increase return on equity.

Shares of companies with a market capitalization of more than $10 billion and with women board members outperformed comparable businesses with all-male boards by 26 percent worldwide over a period of six years, according to a report by the Credit Suisse Research Institute, created in 2008 to analyze trends expected to affect global markets.

Not Promoted

The materials and information-technology sectors have the highest percentage of male-only boards, both at more than 52 percent, according the report.

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