IPOs Are Still A Man’s Game, Study Of MBA Students Says
The Wall Street Journal reports on an experiment conducted recently at the University of Utah’s David Eccles School of Business that reveals that "those firms led by women…were expected to have less share-price appreciation, and when asked to invest, respondents would choose to invest less,”
From The Wall Street Journal:
More and more women over the last decade have climbed the corporate ladder into top management, but if they’re leading a company that’s trying to go public, they’re more likely to run into trouble than men.
“The big result of this study is that those firms led by women…were expected to have less share-price appreciation, and when asked to invest, respondents would choose to invest less,” said Assistant Professor Lyda Bigelow.
The negative feelings did not extend to companies with women in high levels of management, she added—just to the ones where women were chief executives.
A copy of the study, which has been accepted for publication by the Journal of Management, is here.