The report found that in Australian ASX-listed companies, having a female CEO led to a five per cent increase in their market value.
“In this report, we have identified a compelling causal relationship between an increase in the share of women in leadership and subsequent improvements in company performance.” “When businesses are looking to a post COVID-19 world, our research shows that having a female CEO has the potential to help companies navigate through the crisis,” Associate Professor Cassells said. Report author and BCEC Principal Research Fellow Associate Professor Rebecca Cassells said leadership has never been so important, especially when the world is dealing with the fallout and economic recovery from the COVID-19 pandemic. The report, Gender Equity Insights 2020: Delivering on Business Outcomes, reveals a strong and convincing causal relationship between an increase in the number of women in key decision-making positions and subsequent improvements in company performance. Research released today by the Bankwest Curtin Economics Centre (BCEC) and the Workplace Gender Equality Agency (WGEA) found that an increase in the share of female ‘top-tier’ managers by 10 percentage points or more led to a 6.6 per cent increase in the market value of Australian ASX-listed companies, worth the equivalent of AUD$104.7 million. Female leadership will help businesses thrive in a post-COVID world -Īs Australia moves towards economic recovery from the impact of the COVID-19 pandemic, a new report shows that more women on Boards and in senior leadership positions drives better company performance, greater productivity and greater profitability. Female top-tier managers add 6.6 per cent to market value of ASX companies.
Profitability, performance and productivity increase under female leadership.
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