Original Research

The impact of female business leaders on the performance of listed companies in South Africa

Mkhize Mkhethwa, Pumela Msweli
South African Journal of Economic and Management Sciences | Vol 14, No 1 | a145 | DOI: https://doi.org/10.4102/sajems.v14i1.145 | © 2011 Mkhize Mkhethwa, Pumela Msweli | This work is licensed under CC Attribution 4.0
Submitted: 07 December 2010 | Published: 17 March 2011

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Mkhize Mkhethwa,
Pumela Msweli, University of South Africa

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The purpose of this study is to determine the impact of female business leaders in JSE-listed companies on the financial performance of those companies. This is as result of the proposition that women, over and above men, bring unique skills to the workplace. However, it is hypothesized in this study that JSE-listed companies led by a high percentage of women do not outperform similar companies led by a low percentage of women. The Lean Modigliani and France Modigliani measure (M2) was used to test this hypothesis. Results of this study indicate that companies led by women do not outperform similar companies led by men. As a result, the null hypothesis is not rejected. Implications of these results are discussed.


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