Board member diversity is on the table as of late, but there may be yet another reason to include more women on your board of directors. A new study from the University of British Columbia suggests the more women on a corporate board, the less the company pays for its acquisitions.
According to a statement from the university, the study that is to be published in the Journal of Corporate Finance, demonstrates the cost of an acquisition is reduced by 15.4 percent with every female director on the board. It also shows that for each female director, the number of a company’s attempted takeover bids is reduced by 7.6 percent.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
