Companies looking for better financial returns should consider afemale CFO.
Within the first 24 months of appointing female CFOs, companiessaw, on average, a 6 percent increase in profits and an 8 percentbetter stock return compared with performance under their malepredecessors. These women brought in $1.8 trillion of additionalcumulative profits, according to a study by S&P Global MarketIntelligence. The researchers looked at 6,000 companies on theRussell 3000 over the last 17 years.
One of the reasons female CFOs may be outperforming their malepeers is because they're held to a higher standard, said DanielSandberg, senior director of quantitative research at S&PGlobal and the author of the report.
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