Startups with female directors have a better chance of survival
August 13, 2013 | 2:17 pm| | | Start Conversation
Newly incorporated companies with one female director have a 27 percent lower risk of becoming insolvent than comparable firms with all-male boards, reports a team led by Nick Wilson of Leeds University Business School in the U.K.
The effect decreases as the number of female directors rises, suggesting that what matters is diversity rather than the specific number of women on the board.
Past research shows that groups with greater gender diversity generate more innovative thinking in problem solving.
(Source: International Small Business Journal.)
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