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Women are good in firing than making money
By
SiliconIndia,Tuesday, 11 August 2009, 19:32 Hrs
Bangalore: A recent study suggests that women directors are good in firing people, but when it comes to making profits they do not fit the bill. Daniel Ferreira of the London School of Economics and Renee Adams of the University of Queensland did the study based on a survey of nearly 87,000 directorships at 2,000 U.S. companies between 1996 and 2003.
While women are less profitable for a company, they tend to have better corporate governance, suggested the study. The study, published in the Journal of Financial Economics, found that having more women in the boardroom can have 'a negative effect on financial performance'. "This is a complicated picture. Our research shows that women directors are doing their jobs very well. But a tough board, with more monitoring, may not always be a good thing. Indeed, we see that increased monitoring can be counter-productive in well-governed companies," Dr. Ferreira said.
According to Ferreira, women behave more like independent directors - they are less likely to move in the same social circles as the chief executive or play golf together and 'so they are are going to be tougher'.
While in India the percentage of women on the boards of public companies is below five percent, it is 10.6 percent in Canada. Globally, in the Fortune 500 companies, there are 14.8 percent of women on the board. Since January 2008, public companies in Norway are required to allocate 40 percent of the director seats to women. With the outcome of this study will the companies now start to rethink on appointing women on their boards?
While women are less profitable for a company, they tend to have better corporate governance, suggested the study. The study, published in the Journal of Financial Economics, found that having more women in the boardroom can have 'a negative effect on financial performance'. "This is a complicated picture. Our research shows that women directors are doing their jobs very well. But a tough board, with more monitoring, may not always be a good thing. Indeed, we see that increased monitoring can be counter-productive in well-governed companies," Dr. Ferreira said.
According to Ferreira, women behave more like independent directors - they are less likely to move in the same social circles as the chief executive or play golf together and 'so they are are going to be tougher'.
While in India the percentage of women on the boards of public companies is below five percent, it is 10.6 percent in Canada. Globally, in the Fortune 500 companies, there are 14.8 percent of women on the board. Since January 2008, public companies in Norway are required to allocate 40 percent of the director seats to women. With the outcome of this study will the companies now start to rethink on appointing women on their boards?
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Reader's comments (46)
1: hey guys
I want to be specific.In 99 pc of the cases.
In IT industry
in HR dept: 1 woman = 2 men
in Testing: 1 woman = 1.25 man
in Coding : 1 woman = 0.5 man
in Sales : 1 beautiful woman = 4 men
1 average looking woman = 2 men
i ugly woman = 1 man
Now,I think no female or male in the whole loop would never disagree with me
urs
paku
I want to be specific.In 99 pc of the cases.
In IT industry
in HR dept: 1 woman = 2 men
in Testing: 1 woman = 1.25 man
in Coding : 1 woman = 0.5 man
in Sales : 1 beautiful woman = 4 men
1 average looking woman = 2 men
i ugly woman = 1 man
Now,I think no female or male in the whole loop would never disagree with me
urs
paku
Posted by: Pavan - 18 Aug, 2009
2: The article is very true. From my experience.
Posted by: Tomy Jacob - 16 Aug, 2009
3: Ok read the comments and the article ...
Whats the point of this discussion ..Men Or
Women .. anyone of em who is good at what
they do deserve to be in the position that is
all I know.
Business Acumen and Managerial Responsibilities are SKILLS and can be developed in any individual irrelevant of GENDER.
So I would like just request 2 things 1 for the women and second for the men
Women - Stop Victimizing Yourself You Have Better Things To Prove
Men - Stop Victimizing Yourself You Have To Keep Proving
Cheers
Pushkar
Business Acumen and Managerial Responsibilities are SKILLS and can be developed in any individual irrelevant of GENDER.
So I would like just request 2 things 1 for the women and second for the men
Women - Stop Victimizing Yourself You Have Better Things To Prove
Men - Stop Victimizing Yourself You Have To Keep Proving
Cheers
Pushkar
Posted by: Pushkar Shinde - 14 Aug, 2009
4: This chain of comments is quite amusing and
yet very upsetting. To think on the eve of
our 62nd Independence Day, we are still stuck
in ancient mindset (let me correct,ancient
Indain history gives a lot of cudos to women)
I read men ridiculing women, I read women
supporting women but what was the point of
this article? This person expressed his view
and all of you thought great, let us
ventilate!And lastly, who runs your house and
manages the finance within the amount she
has? Your mother/wife/daughter - as the case
may be.
Posted by: Shveta Kalyanwala - 13 Aug, 2009
5:You are absolutely right Shveta.
That’s why people say men are good to
work outside home and women are good to work
inside home. And the same thing you also said
here. Yes now days women can do all what men
can do but still there are something in which
men are good and also women are good in
something. If you ask we to keep clean the
house, Prepare very tasty food every day,
take care of all the daily activities of
house then we may not be able to do that
properly in the same way in a company women
cannot do as men. We don’t disappoint
or criticize women. I hope you'll agree with
my opinion.
Sandip replied to: Shveta Kalyanwala
post - 18 Aug, 2009
post - 18 Aug, 2009
6: an old survey will decide who is how much
efficient.why is this generalisation made i
don't know.may be because the survey is only
based on profits n losses not on social
grounds.i believe all human beings have there
own IQ of thinking n reacting which cant be
generalized.
Imagine 2 managers-one male(M) n a female(F).with same IQ same qualification same sort of background.M goes with his boss everywhere does what ever he says.comment on him.u may say he is bosses dog.but when he gets promoted u will say yes boss this is the way to success.is it same with female employee.she becomes cheap in front of everyone u may say"she can do anything for her work,selfish" isn't it.if she is aggressive its bcoz of male egoistic work environment.before commenting plz think.
plz comment i want to know want people think on what i said.
Imagine 2 managers-one male(M) n a female(F).with same IQ same qualification same sort of background.M goes with his boss everywhere does what ever he says.comment on him.u may say he is bosses dog.but when he gets promoted u will say yes boss this is the way to success.is it same with female employee.she becomes cheap in front of everyone u may say"she can do anything for her work,selfish" isn't it.if she is aggressive its bcoz of male egoistic work environment.before commenting plz think.
plz comment i want to know want people think on what i said.
Posted by: savitha - 12 Aug, 2009
7:you are wrong. No one praises a person who is
the boss' dog. Everyone hates these kind of
people. Anyone who does this is cheap, be it
a male or a female.
And what if one of the subordinates and the boss both are females and the duo make a friendship like relation and then the boss starts taking sides to the female employee, ignoring her short-comings but goes harsh on other mostly male employees? This in the current situation I am in.
What I had experienced that personal rapport based bias and discrimination is more in women's nature than men's nature. Well I am not saying that women don't do their work sincerely.
And what if one of the subordinates and the boss both are females and the duo make a friendship like relation and then the boss starts taking sides to the female employee, ignoring her short-comings but goes harsh on other mostly male employees? This in the current situation I am in.
What I had experienced that personal rapport based bias and discrimination is more in women's nature than men's nature. Well I am not saying that women don't do their work sincerely.
Amit replied to: savitha
post - 12 Aug, 2009
post - 12 Aug, 2009
8: Thats correct,women have more discriminating
nature..even i experienced the same-exact
situation that is potrayed here..But still i
can see some co-workers of mine (woman)..who
is just opposite..But in majority women are
more discriminating... and it always depends
...It took a long time(of conversation) to
come to a compramise with my Boss(Lady)in my
case...
Naadhan replied to: Amit
post - 17 Aug, 2009
post - 17 Aug, 2009
9: yea,its right.No one appraise a greedy dog
and it is a common case with the women in
org.may be i m wrong in few exceptional cases
but its the story of everywhere.Womens r good
in emotion making not in money making.I hope
u all also felt it sometime.......
Raman replied to: Amit
post - 13 Aug, 2009
post - 13 Aug, 2009
10: I deal with 5 bosses. Four are male and one
women. Two male bosses are very good. Other
are crap including women. But the interesting
point is that two male bosses who are bad are
having women like traits.
Posted by: dipak - 12 Aug, 2009
11: yes the conversation seems to good , as i
think for the betterment of organization
decisions always taken from the group nt from
an individual which are done in case of
women’s they mostly follow there own
decision so always remember we work for an
organization growth & defiantly if
it’s growing then we too.
Posted by: Prashant Singh - 12 Aug, 2009
12: There is no research needed to find this ,
This is a known fact already, But its good
now its has been proved with some survey.
Posted by: Grace Paul Regan - 12 Aug, 2009
13: Whether its women or men, its the boss who is
ultimate. What matters is their judgement,
reasoning, compassion and expertise... I
personally enjoyed working irrespective of
caste, creed or gender, and I would continue
to do so, so long my expertise, skill and
labor is not misused, misutilized or
exploited. The one who relishes and makes me
relish on my productivity, quality and
resources is the best practising Company
head. The addage here is a must to mention
"He who knows how to serve, knows how to
rule".
Posted by: Venkata Mallikarjuna Vittal - 12 Aug, 2009
14: Women are good money managers, there is no
doubt.Increse in funds also required for
upliftment of an organization. For the
generzation of funds an organization has to
take chances by sacrifizing some existing
resources may be money. I feel women
concentrate and effective more in
consilidation of funds than generation of
funds by scrifizing part of existing funds.
How I explain
Income is fixed and costs are increasing. To balance the position two options are always there. One is cost reduction by reducing the quality or quantity other is trying to increase income, which is to be preferred determines all.
Income is fixed and costs are increasing. To balance the position two options are always there. One is cost reduction by reducing the quality or quantity other is trying to increase income, which is to be preferred determines all.
Posted by: K.S.R.SASTRY - 12 Aug, 2009
15: I dont agree with this article.
We have example of Indira Noyee, Chanda Kochar are they not making money for the company. Its all about the opportunity given to them, if they keep women always in HR then in that case ofcourse the firing blame will always goes to them.
Keep them in marketing, Sales & distribution which are the direct ways of getting money for the company then everyone will see how good they are into it infact than we will not be able to differentiate between the amount of money are men making and women are making for their companies.
Regards,
Raj
We have example of Indira Noyee, Chanda Kochar are they not making money for the company. Its all about the opportunity given to them, if they keep women always in HR then in that case ofcourse the firing blame will always goes to them.
Keep them in marketing, Sales & distribution which are the direct ways of getting money for the company then everyone will see how good they are into it infact than we will not be able to differentiate between the amount of money are men making and women are making for their companies.
Regards,
Raj
Posted by: raj - 12 Aug, 2009
16:Its clearly mentioned the percentage of
excessness mentioned
gnanamuthu replied to: raj
post - 12 Aug, 2009
post - 12 Aug, 2009
17:Raj I think you have not read this article
properly.This is about women directors and
about HR.SO before writing something blindly
read carefully.
JAI replied to: raj
post - 12 Aug, 2009
post - 12 Aug, 2009
18: Hey, I am a woman and have had 6 women
bosses. 3 were great, 3 were insecure pieces
of work. So, the ratio is 50-50. I have had 4
male bosses. 1 was insecure, 2 were confused,
1 was a control freak. Any great male bosses?
Nopes. Poor me. So, this article is a load of
crap. Of all the above, one person directly
made money for the company, and she is a
woman.
Posted by: Diniz - 11 Aug, 2009
19:Hey .... let's consider the women bus
conductor's or police constables or any lower
level employee too they are always
inefficient. I find many women bus
conductor's dropping the coins instead
getting a tickets in buses. If some one is
interested you conduct a survey in police
department how inefficient they are.
suresh replied to: Diniz
post - 12 Aug, 2009
post - 12 Aug, 2009
20: Hey, Could you name any male who was really
efficient and loyal such as Kiran Bedi in our
police departments. Dont just write comments
for writting purpose.
This article clearly shows mental skewness of the person
This article clearly shows mental skewness of the person
Joshie replied to: suresh
post - 12 Aug, 2009
post - 12 Aug, 2009
21: Why this is always the answer from a female
respondent when someone criticises women?
Every time single woman do achieves something
everyone starts saying that women are better
than men, but if women at large perform bad,
and someone speaks this out, then this
becomes crap and mental skewness?
I ma a IT consultant, I had my first boss as a woman, technically bad, good in english. She used to tear a team member apart if even a deadline used to slip for a few hours, she used to scold people on minor spelling mistakes in mails sent intra-team.
Then I had a male boss, he was cool. No bias, Technically good, not excellent though, and ok in communications.
Then again a male boss, Technically excellent, excellent in communications, but too manipulative and had a bias towards a few team members. He was very aggressive and used to believe in micromanagement. But his technical abilities and effective team management made him too efficient.
Now I am under a female boss again, and the same story.
Seriously, I can't think otherwise. There may be great female bosses, but I had none yet.
But as far as this article is concerned, I can't say any thing as I don't know how women perform in money making for organisations.
I ma a IT consultant, I had my first boss as a woman, technically bad, good in english. She used to tear a team member apart if even a deadline used to slip for a few hours, she used to scold people on minor spelling mistakes in mails sent intra-team.
Then I had a male boss, he was cool. No bias, Technically good, not excellent though, and ok in communications.
Then again a male boss, Technically excellent, excellent in communications, but too manipulative and had a bias towards a few team members. He was very aggressive and used to believe in micromanagement. But his technical abilities and effective team management made him too efficient.
Now I am under a female boss again, and the same story.
Seriously, I can't think otherwise. There may be great female bosses, but I had none yet.
But as far as this article is concerned, I can't say any thing as I don't know how women perform in money making for organisations.
Amit replied to: Joshie
post - 12 Aug, 2009
post - 12 Aug, 2009
22:The world admits the 6 women bosses were
ultimate in their position whatever may be
their personality traits... yes so its but
naturally deemed the remaining 4 men bosses
were under these 6 (poor subordinates).
thats why one became insecure, 2 confused and
1 went control freak...
elitevenkat replied to: Diniz
post - 12 Aug, 2009
post - 12 Aug, 2009
23: hehehe goodone
anonymous replied to: elitevenkat
post - 12 Aug, 2009
post - 12 Aug, 2009
24: There are many women bosses, who treat their
employees very badly because they have the
power in their hands. This mindset needs to
be changed.
Posted by: Dilip - 11 Aug, 2009
25:I agree with you....
XYZ replied to: Dilip
post - 12 Aug, 2009
post - 12 Aug, 2009
26:Yes dilip i agree with you dilip. when it
comes for comparison men can lead properly
than woman
Kumar replied to: Dilip
post - 11 Aug, 2009
post - 11 Aug, 2009
27: Thats the biggest Mis-conception you Got.
Priya replied to: Kumar
post - 11 Aug, 2009
post - 11 Aug, 2009
28: But experience of subordinates tell a
different story all together, as you can see
in the responses here. Micromanagement, bias,
group-ism is rampant among female bosses as
well as not taking account of the common
consensus among the team members.
But loyalty wise, women are better. Males switch jobs more frequently. Again these are my personal opinions.
But loyalty wise, women are better. Males switch jobs more frequently. Again these are my personal opinions.
Amit replied to: Priya
post - 12 Aug, 2009
post - 12 Aug, 2009
29: No peiy... Be practical...kumar is correct
only
venkat replied to: Priya
post - 11 Aug, 2009
post - 11 Aug, 2009
30: ms priya give you job
uttam singh replied to: venkat
post - 12 Aug, 2009
post - 12 Aug, 2009
31: Talk about being opinionated.
Latika replied to: Kumar
post - 11 Aug, 2009
post - 11 Aug, 2009
32: That's the egoistic man talking !
ABC replied to: Kumar
post - 11 Aug, 2009
post - 11 Aug, 2009
33: Hey I m working for the largest IT company of
world.... i had 2 female manager and three
male managers till now... all the female
managers really suck yaar.... they don't
treat their sub-ordinates like human..... and
all the male managers were really. if u make
any mistake they never becum hyper like
female mngers.... there may be few chances
when a female manager is really good....
JDIB replied to: ABC
post - 11 Aug, 2009
post - 11 Aug, 2009
34: u cant judge every women , only coz ur boss
sucks
Jaya replied to: JDIB
post - 11 Aug, 2009
post - 11 Aug, 2009
35:there's a saying in our region - inorder to
see whether all the rice is cocked or not
there is no need to check each and every
grain. Just test one grain.
rethink Jaya
rethink Jaya
suresh replied to: Jaya
post - 12 Aug, 2009
post - 12 Aug, 2009
36: It's amusing to see how fast all the men have
jumped on to this 'slag your female boss'
bandwagon. Just another reminder that MOST
(luckily I know a lot who don't fit this
profile) Indian men still are insecure little
boys who are terrified of losing their
power.
Look at the average Indian male..he's not always the best looking, his manners are anything but commendable, he's hardly ever a good conversationalist and he's totally incapable of taking care of himself without a woman in the picture. But one thing these guys do have is their careers. They identify themselves by their jobs because there's nothing else worth defining them by.
Look at the average Indian woman on the other hand. Even the simplest of them have so much grace and beauty, they handle homes, children, jobs n family politics with so much ease and add so much value to every home. They have so much of an effect on the society they live in and the people who they care for.
But what keeps these amazing women bound to these average men- the antiquated belief that the man is the head of the household and the main breadwinner.
Now that that's changing...here come our insecure little Indian men to cull any aspiring career womans dream. They can't do it to their "terrible" bosses face of course, because they aren't that strong. Instead they lie in wait for the slightest hint of dissent, and use that as a sounding board for all their insecurities.
I've worked with both female and male bosses - the males may be easy-going, but they were also the most conniving and egotistical. One female boss was a bit of a nut job, but most of that stemmed from her having a male chauvinistic jerk for a boss.
Women bosses feel they have more to prove..even as a woman in a non-managerial post, but in the male-dominated oil industry, I sometimes feel the need to overcompensate just so that the men take me seriously. Luckily, my good sense prevails and I don't stoop to their level.
And @ Suresh: I don't know which little 'gao' you come from, but it's attitudes like yours which have led to all these communal riots and terrorism. That saying works ONLY for rice!
Look at the average Indian male..he's not always the best looking, his manners are anything but commendable, he's hardly ever a good conversationalist and he's totally incapable of taking care of himself without a woman in the picture. But one thing these guys do have is their careers. They identify themselves by their jobs because there's nothing else worth defining them by.
Look at the average Indian woman on the other hand. Even the simplest of them have so much grace and beauty, they handle homes, children, jobs n family politics with so much ease and add so much value to every home. They have so much of an effect on the society they live in and the people who they care for.
But what keeps these amazing women bound to these average men- the antiquated belief that the man is the head of the household and the main breadwinner.
Now that that's changing...here come our insecure little Indian men to cull any aspiring career womans dream. They can't do it to their "terrible" bosses face of course, because they aren't that strong. Instead they lie in wait for the slightest hint of dissent, and use that as a sounding board for all their insecurities.
I've worked with both female and male bosses - the males may be easy-going, but they were also the most conniving and egotistical. One female boss was a bit of a nut job, but most of that stemmed from her having a male chauvinistic jerk for a boss.
Women bosses feel they have more to prove..even as a woman in a non-managerial post, but in the male-dominated oil industry, I sometimes feel the need to overcompensate just so that the men take me seriously. Luckily, my good sense prevails and I don't stoop to their level.
And @ Suresh: I don't know which little 'gao' you come from, but it's attitudes like yours which have led to all these communal riots and terrorism. That saying works ONLY for rice!
VMDR replied to: suresh
post - 17 Aug, 2009
post - 17 Aug, 2009
37: Basically it depends on on skills and
behavior of the person not men or women.
Satish Goud Pabathi replied to: JDIB
post - 11 Aug, 2009
post - 11 Aug, 2009
38:Hi Satish, Yes u r correct, wen you see a
women boss individually, they will be good at
their work individualy, But when it comes to
be a part of team or group,they can't be as
good as men...
Srini replied to: Satish Goud Pabathi
post - 12 Aug, 2009
post - 12 Aug, 2009
39: I hope u get a team with all women...I would
like to see how good you will work in that
team
annonymus replied to: Srini
post - 12 Aug, 2009
post - 12 Aug, 2009
40:Hey Satish Goud
U r true and i accept ur opinion.
It all depends on their character weather it is men or women and their job environment situation.
U r true and i accept ur opinion.
It all depends on their character weather it is men or women and their job environment situation.
PAVAN replied to: Satish Goud Pabathi
post - 11 Aug, 2009
post - 11 Aug, 2009
41:Satish I agree with u
Jaya replied to: Satish Goud Pabathi
post - 11 Aug, 2009
post - 11 Aug, 2009
42: Actually Women takes everything very serious
compare to men, and acts accordingly. Women
always want everything good, then only she
likes otherwise she ill became evil.
Many ppl may got this kind of situations. Its true that all womens are not like evils, but some are there..
Many ppl may got this kind of situations. Its true that all womens are not like evils, but some are there..
Raju replied to: Jaya
post - 12 Aug, 2009
post - 12 Aug, 2009
43: You can say that about men too...why only
women?
Annonymus replied to: Raju
post - 12 Aug, 2009
post - 12 Aug, 2009
44: Thanks for tris interesting information! I
found it very useful =)
Posted by: seroquel - 05 Sep, 2011
45: Really interesting blog, keep up the good
work!
Posted by: flagyl online - 28 Aug, 2011
46: Really great article with very interesting
information. You might want to follow up to
this topic!?! 2012
Posted by: provera online - 26 Aug, 2011
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