When women are on boards, male CEOs are less overconfident
When women are on boards, male CEOs are less overconfident
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.
Chen, Jie
7181526d-ec25-480e-a35e-37bf4616e131
Leung, Woon Sau
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Song, Wei
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Goergen, Marc
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12 September 2019
Chen, Jie
7181526d-ec25-480e-a35e-37bf4616e131
Leung, Woon Sau
73a8bf54-6035-4f11-a9ec-74272abbacb5
Song, Wei
0d91b8a3-694b-469e-a15e-bba82dc5d090
Goergen, Marc
d700632f-e4cc-41a7-978f-56b53c7d3764
Chen, Jie, Leung, Woon Sau, Song, Wei and Goergen, Marc
(2019)
When women are on boards, male CEOs are less overconfident.
Harvard Business Review.
Abstract
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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Accepted/In Press date: 1 April 2016
Published date: 12 September 2019
Identifiers
Local EPrints ID: 434427
URI: http://eprints.soton.ac.uk/id/eprint/434427
ISSN: 0017-8012
PURE UUID: 85c6b768-6c7a-4d75-a4c7-8d4753467380
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Date deposited: 23 Sep 2019 16:30
Last modified: 16 Mar 2024 04:53
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Contributors
Author:
Jie Chen
Author:
Woon Sau Leung
Author:
Wei Song
Author:
Marc Goergen
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