| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5060479 | Economics Letters | 2012 | 5 Pages |
Abstract
⺠I show that female Chief Executive Officers underperform their male counterparts. ⺠Female CEOs generate 0.35% lower monthly risk adjusted shareholders' returns. ⺠This underperformance is significant, of comparable magnitude to the value premium. ⺠I measure risk adjusted performance by cluster sample econometric methods. ⺠Cluster sample methods are more efficient than the traditional portfolio approach.
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Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Gueorgui I. Kolev,