Women, financial return and performance volatility : practice & academia

Kim, Sowon (Ecole hôtelière de Lausanne, HES-SO // University of Applied Sciences Western Switzerland) ; Bianchi, Giuliano (Ecole hôtelière de Lausanne, HES-SO // University of Applied Sciences Western Switzerland) ; Bacci, Sofie (Ecole hôtelière de Lausanne, HES-SO // University of Applied Sciences Western Switzerland)

This study examines the relationship between gender diversity, financial return, and performance volatility. Based on gender differences in risk behaviors, we predict that a greater presence of women in managerial positions will reduce volatility in companies. We test our hypothesis on a panel data set (2006-2016) of 76 Swedish firms and find that the association between return and volatility is significantly negative in companies with mid and high levels of performance. Our results show that for a given return, a performing company minimizes volatility if they have more female managers, indicating a greater level of efficiency (higher return for same volatility). These results are particularly promising in light of advancing our knowledge on why women are good for business.


Keywords:
Conference Type:
full paper
Faculty:
Economie et Services
School:
EHL
Institute:
Aucun institut
Subject(s):
Economie/gestion
Publisher:
Barcelona, Spain, 2-3 July 2019
Date:
2019-07
Barcelona, Spain
2-3 July 2019
Pagination:
19 p.
Published in:
Proceedings of the 2nd ICWF – International Conference of Women and Leadership
Appears in Collection:

Note: The status of this file is: restricted


 Record created 2019-11-08, last modified 2019-11-28

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