The latest research reveals appointing a female CEO significantly boosts a company performance — unless you’re a family firm
Appointing a female CEO has a significantly positive effect on non-family firms’ performance, but a negative impact on family businesses, according to new research from emlyon business school.
The study, conducted by Tawhid Chtioui, Professor & Dean at emlyon business school Africa, alongside colleagues Prof. Mehdi Nekhili and Prof. Héla Chakroune*, evaluated the impact of appointing a female CEO or Chair ona firm’s performance, for both family and non-family firms. The researchers sampled 394 French firms over the period of 2001–2010, and reviewed the appointments made to CEO and Chair positions, and the subsequent impact on performance.
The researchers evaluated the appointments’ impact using two performance indicators; return on assets and Tobin’s Q,a market-based measure of firm performance, potential growth opportunities and future performance.
