'Do the investors who read these reports value gender diversity?'
. Since then, many other firms, including Yahoo!, Facebook, Twitter, and Apple, have done the same.
Diversity figures did seem to make a difference, the team found. Every additional percentage of women on staff at the time of a company’s first announcement was associated with a 0.1 percentage point average increase in stock price. Meaning, all else being equal, if two companies released their diversity figures on the same day, the stock price of the company with 40 percent women would increase by one percentage point more than the stock price of a company with 30 percent women.
“Pleasing the regulator goes to the very core of the existence of this industry,” Lys says. His team speculated that, for political reasons, regulators probably looked more favorably upon firms with more women. So perhaps investors would value diversity in finance firms as well, the researchers theorized.article
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Teens — Yes, Teens — Are Getting into Anti-Aging Skin CareOh no, the teens have discovered anti-aging skin care
Read more »
YouTube TV Drops YES NetworkYouTube TV, the online pay-TV platform owned by Google, has dropped YES Network after a short-term deal announced five days ago to extend negotiations fell through without an agreement. YouTube had…
Read more »
Yes, You Can Make Your Own Sports Drinks (and Gels!)These DIY recipes are easy, tasty, and—most importantly—perfect for boosting performance.
Read more »
India's Yes Bank plunges 60%, panicked depositors rush to withdraw fundsShares in India's Yes Bank Ltd plunged 60% on Friday as panicky depositors ...
Read more »
Walmart’s Payments App Left In The Lurch After India Seizes Yes BankMillions of merchants and dozens of businesses in India who relied on Yes Bank software have faced disruption after India’s central bank seized the struggling lender.
Read more »
YouTube TV Inks Deal for 19 Fox Regional Sports Nets With Sinclair, Drops YES and Two OthersYouTube TV and Sinclair Broadcast Group reached a deal covering most of the Fox regional sports networks — but the internet TV service is dropping two of the RSNs, as well as the Yankees&821…
Read more »