Executive Summary
Several studies suggest that having women on the board results in companies making better acquisition and investment decisions and in less aggressive risk-taking, yielding benefits for shareholders. But what’s less clear is: why does having women in the boardroom lead to such improvements for the firm? New research suggests one potential reason: having female board members helps temper the overconfidence of (mostly) male CEOs, improving overall decision making for the company.
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A number of governments (notably…