Corporate Law News

Female CFOs Brought in $1.8 Trillion More Than Male Peers

Oct. 16, 2019, 1:20 PM

Companies looking for better financial returns should consider a female chief financial officer.

Within the first 24 months of appointing female CFOs, companies saw, on average, a 6% increase in profits and an 8% better stock return, compared to performance under male predecessors. These women brought in $1.8 trillion of additional cumulative profits, according to a study by S&P Global Market Intelligence. The researchers looked at 6,000 companies on the Russell 3000 over the last 17-years.

One of the reasons female CFOs may be outperforming their male peers is because they’re held to a higher standard, said Daniel Sandberg, senior...

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