Do female CEOs handle crisis better? Evidence from the COVID-19 pandemic

John Thornton and Chrysovalantis Vasilakis

Economics and Business Letters, 2024, vol. 13, issue 3, 158-171

Abstract: We examine whether firm performance in response to the shock of the COVID pandemic differed depending upon whether the CEO was female or male. We find that though female CEOs do not consistently demonstrate better management across all periods, following the shock, firms run by female CEOs were more profitable, more highly valued and more risk averse than firms run by male CEOs.

Date: 2024
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