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Women make up 47.0% of the labor force and 50.8% of the United States population, but only 40% of managers, as of 2019. In recent years, more and more women are taking on leadership positions, provoking widespread speculation and debate on the impact a female CEO would have on the financial success of a firm. The data is hand collected from various sources, including LinkedIn, Bloomberg Profiles, and Yahoo Finance; compiled into one dataset from 1978 to 2021. Companies included are different Fortune 500, Fortune 1000, and S&P 500 companies transitioning from a male CEO to a female CEO. This paper will investigate and evaluate the impact of a female in the chief executive officer position on the financial performance of a firm. Additionally, I examine the impact of the change in leadership on specific industry sectors. We hypothesize that if there is a female CEO, the stock returns of the firm will increase.
female leadership, board of directors, CEO, stock returns, financial performance
Alberici, Emersyn, "Does Female Leadership Impact Firm Financial Performance?" (2021). 2021 Honors Economics Posters. 1.