By Megan Murphy

(FT) Having more women in the boardroom can hurt the financial performance of well-governed companies, according to research that is likely to be seized upon by opponents of diversity initiatives. The study, published this week in the Journal of Financial Economics, appears to contradict research into the effect of female directors in finding that, on average, companies with proportionally more women on their boards were less profitable and had a lower market value.

Read the rest: FT.com / UK – Study finds women directors damage profits.

 February 11, 2010  Posted by Jules Siegel at 4:30 pm  Add comments

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