The results also suggest why this may be the case. Firms with more female directors tend to have boards that make stronger efforts to monitor the firms and to ensure that they are executing the right strategy.
The study also suggests that the societal context may determine how investors evaluate firms when they have female directors. In countries with high gender equality, there was a positive relationship between female board representation and market performance; in countries with low gender parity, a negative relationship. About the Whitman SchoolThe Martin J. Whitman School of Management at Syracuse University was established as the College of Business Administration in 1919. In 1920, it was only the 16th collegiate business school in the nation to be accredited by the AACSB. Today, the Whitman School of Management includes programs in accounting, entrepreneurship, finance, management, marketing, real estate, retail management and supply chain management. In any given year, the Whitman School is home to nearly 2,000 doctoral, graduate and undergraduate students.