Why female CFOs outperform their male peers
November 27, 2019 by onali Basak & Jeff Green
Companies looking for better financial returns should consider a female CFO.
Within the first 24 months of appointing female CFOs, companies saw, on average, a 6 percent increase in profits and an 8 percent better stock return compared with performance under their male predecessors.
These women brought in $1.8 trillion of additional cumulative profits, according to a study by S&P Global Market Intelligence. The researchers looked at 6,000 companies on the Russell 3000 over the last 17 years.
One of the reasons female CFOs may be outperforming their male peers is because they’re held to a higher standard, said Daniel Sandberg, senior director of quantitative research at S&P Global and the author of the report.