Female CFOs give “direct, concise and conservative presentations” and enjoy “stronger associations with future firm performance”.
Much is written about gender differences in boardrooms, the headlines mostly won by discussion of whether female chief executives and non-executives might be at an advantage. New research however suggests analysts may prefer a female chief financial officer. At the very least they seem to appreciate their performance during earnings calls.
After analysing more than 96,000 earnings calls hosted by 2,800 companies in the US between 2009 and 2019, researchers find that female CFOs appear to be greatly appreciated.
In a paper titled Benefits of Having a Female CFO, the team finds that female finance chiefs tend to make more conservative pre
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda