New data from Fortune magazine shows that companies run by women record better stock market returns than those run by men.
A study from Fortune reveals that Fortune 1000 companies with female CEOs recorded an average return of 103.4% over the course of the female CEO’s tenure. That’s much higher than the 69.5% average return for the S&P 500 Index, which looks at the combined performance of the largest companies on the market.
Since 1998 the number of female CEOs has been rising — with an all-time high this year of 24. Sophie Kleeman at Policy Mic breaks down the data and what it might mean for the future of female executives.
The study doesn’t pinpoint the exact reason for the success of female CEOs, but the International Journal of Business Governance and Ethics found that female leaders “were more likely to use ‘cooperation, collaboration and consensus-building more often’ to make choices.”
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