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Analysis of a global survey of 21,980 firms from 91 countries suggests that the presence of women in corporate leadership positions may improve firm performance. This correlation could reflect either the payoff to nondiscrimination or the fact that women increase a firm's skill diversity....
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effect on profitability and investment has not yet been assessed. In this paper, we investigate the pricing roles of these … two factors, using overlapping profitability and investment returns over horizons from 1 month to 5 years. Using different … particular, the profitability factor has significant pricing power in most horizons, while the investment factor is only priced …
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