Professor Pronzato: «Boards with more women have better financial results and improvements in stock prices»

(askanews) – «A few years later the introduction of the Gulf-Moscow lawwhen 40% attendance on boards was not yet required, many boards exceeded the established thresholds. But research shows that there have been no major cascading effects on women in managerial and executive positions” explains Chiara Pronzato, professor of Economics and Statistics at the University of Turin.

Women at the top of companies, the situation

«The certification of gender equality is interesting, a more transversal measure. Measuring the effects of interventions is tiring, we looked at 5 thousand CVs by hand and the data is not enough, there is a lack of stringent criteria on procedures and selection. As long as the choice remains free we have no indications on the effectiveness.”

«For example, it happens that when the Board of Directors is renewed, someone makes new appointments and someone doesn’t. However, we have seen that boards with more women have better financial results and improvements in stock prices, while in public companies users are happier with the service. This is because with the Gulf-Moscow law more prepared people have entered, with adequate training and with the same study paths as men. However, I don’t think that women at work are different from men.” Chiara Pronzato, professor of Economics and Statistics at the University of Turin, said this.