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By Yoosef K Mar 6, 2023 9:45:28 PM IST (Updated)
Women who bring diverse experience, knowledge, skill-sets, and perspective also bring additional alpha with less pay, wrote Bank of America in its second annual Alpha Female report.
Stocks with a higher proportion of women in management have outperformed those with a lower proportion by 26 percent over a five-year period in Asia. In fact, women who bring diverse experience, knowledge, skill-sets, and perspective also bring additional alpha with less pay, wrote Bank of America in its second annual Alpha Female report. This set of companies has also outperformed the benchmark index by four percent over the same period.
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The study is based on companies from the MSCI Asia Pacific Index with emphasis on three key gender diversity metrics — the proportion of women in management, the proportion of women on the board, and the proportion of women employees.
While more than half of Apollo Hospital’s board members are women, half of Zomato also hails from the same sex. As far as the number of women employees is concerned, 85 percent of Taiwan’s Eclat Textile are women. That was followed by Japan’s KOSE with 84 percent of the total employee strength. India’s Page Industries occupies the fifth spot with 82 percent of women employees.