Gender Bias Affects the Bottom Line
In response to the Harvard Business Review blog posting, "Why Stock Price Drops When Women Join the Board," NCRW President Linda Basch submitted the following comment:
Implying that companies rely on women to provide politically-correct ratios rather than valuable skills and approaches is unsupported by evidence. As we found in our report, "Women in Fund Management" , board diversity usually improves stock performance. But we also found that bias can make it difficult for women investment managers to attract investors (Journal of Financial Research XXVI (1), 1-18.). Still, Catalyst , Michel Ferrary at Ceram Business School and others show that women boost the bottom line despite bias. Hedge Fund Research Inc. found that women-owned funds delivered better annual returns than a broader composite of hedge funds over a ten year period. In an economy in need of innovative thinking and new strategic directions, gender bias is something we simply can't afford.
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What We Do
NCRW is a network of leading university and community based research, policy, and advocacy centers with a growing global reach dedicated to advancing rights and opportunities for women and girls. We also have a Corporate Circle comprised of senior diversity professionals from leading U.S. and global member companies and a Presidents Circle of college and university leaders who share our commitment. NCRW harnesses the collective power of its network to provide knowledge, analysis, and thought leadership on issues ranging from reducing women’s poverty to building a critical mass of women’s leadership across sectors.