New data from the Peterson Institute for International Economics and EY bolsters that case. The groups analyzed results from 21,980 global, publicly traded companies, in 91 countries from various industries and sectors and showed that having at least 30% of women in leadership positions, or the “C-suite,” adds 6% to net profit margin.
Excerpt:New Peterson Institute Research on over 21,000 Companies Globally Finds Women in Corporate Leadership Can Signficantly Increase ProfitabilityFebruary 8, 2016
Contact: Eitan Urkowitz (202) 454-1334
WASHINGTON—An extraordinary new survey of 21,980 publicly traded companies in 91 countries demonstrates that the presence of more female leaders in top positions of corporate management correlates with increased profitability of these companies, according to a paper published today by the Peterson Institute for International Economics. The 35-page report, Is Gender Diversity Profitable? Evidence from a Global Survey, was written by Marcus Noland, Tyler Moran, and Barbara Kotschwar and supported by a major research grant from EY. This is the latest and most rigorous data analysis of gender diversity and corporate profitability to date.