Companies with more women in management and board positions outperformed those companies with more male members, according to a new study by Goldman Sachs.
Out of 600 European stocks, companies with female leadership saw their share price outperform on average by 2.5% a year compared to companies with fewer women on board.
Sharon Bell, a Goldman Sachs European equity strategist, led the study and published it on Op-Ed.
She said that having women on board means stronger share-price performance and lower volatility of shares.
Therefore, including women should be limited to ensuring diversity scores but is also a piece of good news for corporations, investors and society.