Researchers at McMaster University in Hamilton, Ontario, have produced a study that finds that companies that have a significant number of women on their board of directors do better than companies where men dominate the boards.
The study, published in the International Journal of Business Governance and Ethics, found that women are more likely to consider the rights of others and to take a cooperative approach to decision-making. This approach, according to the study’s authors, translates into better performance for their companies.
Chris Bart, professor of strategic management at McMaster University and one of the authors of the study, stated, “Our findings show that having women on the board is no longer just the right thing but also the smart thing to do. Companies with few female directors may actually be shortchanging their investors.”
The study may be accessed here.