The largest companies in the U.S. – those with gross annual revenues of at least $20 billion – report a larger representation of women and other underrepresented groups on their boards of directors. Seventy percent have at least two women and 53 percent have two or more directors from underrepresented groups. Women managers, however, are increasingly opting out of high-end careers when companies fail to meet their professional needs and goals. Fewer than 15 percent of Fortune 500 officers and directors are women, and graduate business schools (unlike law and medical schools) have far fewer women than men applicants. NCRW is supporting efforts to make the corporate environment more welcoming and the career ladder more accessible to women and people of color.

The Impact of Work Group Diversity on Performance

A working paper from the Centre for Financial Research.


Women in Corporate America, Center for the Education of Women, University of Michigan

Display in Archives: 


Presenters: Linda Basch, National Council for Research on Women; Melissa Fisher, Georgetown University

CEW presents a panel discussion focused on women in corporate America, both on Wall Street and in fund management. Panelists include Dr. Melissa Fisher, an assistant professor in the Department of Anthropology at Georgetown University whose forthcoming book is an ethnography of the first generation of women on Wall Street (the 1950s to the present). The second panelist is Linda Basch, president of the National Council for Research on Women. Dr. Basch along with Jacki Zehner (Women in Fund Management), examined if the recent U.S. financial system's economic meltdown might have been avoided if more women had been in the fields of hedge funds and mutual funds.

Women in Fund Management: Bibliography

Atkinson, S., Baird, S.B., & Frye, M.B. (2003). “Do Female Mutual Fund Managers Manage Differently?”  The Journal of Financial Research, XXVI(1), 1-18

Bär, M., Niessen, A., Ruenzi, S. (2007). “The Impact of Work Group Diversity on Performance: Large Sample Evidence from the Mutual Fund Industry.’ University of Cologne, Center for Financial Research. CFR-Working Paper No. 07-16. Retrieved September 2008 from

Barber, B.M., & Odean, T. (2001). “Boys Will be Boys: Gender, Overconfidence, and Common Stock Investment.” The Quarterly Journal of Economics. Pp. 261-292

Closing the Gender Gap @ PwC

In an attempt to find answers to questions pertinent to business challenges and changes faced today, PricewaterhouseCoopers invited global academics, politicians, and business leaders to share their views on the gender gap and how it will impact the future.


How managers should approach a fragile economy

A powerful tension is at work today in global economic sentiment. The financial markets, pundits, and policy makers think the global economy is out of the woods, but executives aren’t so sure. Our research suggests that the executives are right—and that to thrive, companies must adopt some new approaches to management.


Global capital markets: Entering a new era

The global financial crisis and worldwide recession abruptly halted nearly three decades of expansion for international capital markets. From 1980 through 2007, the world’s financial assets—including equities, private and public debt, and bank deposits—nearly quadrupled in size relative to global GDP. Global capital flows similarly surged.

Syndicate content