It was pointed out that the performance of companies where women are present in the Board of Directors is greater, so it can be deduced that the women most inherited by companies have fewer failures and therefore women can be a good choice
Dear Olga
Some literature addressing your research question:
Article Board Director Diversity and Firm Financial Performance
Article Women on Boards and Firm Financial Performance: A Meta-Analysis
Article Does female board representation influence firm performance?...
Article Women on Boards and Firm Performance
Article Do Women Directors Improve Firm Performance in China?
Article The Gender and Ethnic Diversity of US Boards and Board Commi...
Article Board Composition and Financial Performance: Uncovering the ...
Article Gender Diversity in the Boardroom and Firm Financial Performance
Role of women executive in firm performance is still inconclusive, fewer failure is agreed due to their risk aversion behavior.
Olga Cucaro
The question of diversity (both racial and gender diversity) is very topical all over the world. The quest for diversity is driven by a number of factors. These include, but are not limited to:-
I am sure there are many other reasons, but as I understand your question, you are leaning more towards the economic logic, but in a very specific context. The context is; 1) family owned businesses; 2) that are in transition or some of change (succession). Is this correct?
What is not clear however is; 1) what performance are you referring to; 2) In whose eyes should we be thinking about performance? You could look at performance from purely financial metrics, in which case, the performance would look at; a) free cash flows to the firm; b) free cash flows to equity holders. You could however, also look at performance against broader ESG components.
Wit the above in mind, you would also need to distinguish between public and private companies, size, sector etc.,
Yes. I have observed that women are a prefered choice (in successions) even when running the business on their husband's family side i.e. when they are allowed or encouraged to join these businesses. Because women tend to develop good relationships with the staff. Women are usually empathetic. Women are good in communicating and maintaining courtesies. Also intuition is a point that though cannot be proved, does exists. Women don't take rash decisions (foolishly labelled as risk-averse), it's usually calculated and reasonable risks that are taken. (Eg. Building an hotel on a mountain just for it's view and cheap land without any infrastructure like motorable roads, electricity and inhabitants around can be said to be an overambitious risk. )
Women are generally devoted to tasks at hand (cannot be diverted as much by temptations) and know their priorities as well as are aware of their limitations.
Women may be a preferred choice in successions, but lazy women without the necessary skills and experience are likely to fail. Gender may be a determining factor when all other parameters are factored into the equation.
Yes. I believe in this era we should not think gender as a variable for organization success or performance.
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