You are currently browsing the tag archive for the 'Equality' tag.
Jenni Kellokumpu, from the Labour Institute for Economic Research , in Helsinki (Finland) has proven here that a big part of the gender gap in wages is directly linked in Finland to parental leaves. This article, “Baby and Pay:The Family Gap in Finland” is part of the Combining Work and Family – a Challenge for Equality Planning Research rogram (project code S 01912) funded by the European Social Fund.
Abstract
The effect of career interruptions due to parental leave is estimated based on longitudinal data set covering the years 1995-2002. The estimated model controls for unobserved time-constant heterogeneity and for hours worked. There appears to be a significant negative relation between career interruptions due to childbirth and subsequent wages for women in Finland. Read the rest of this entry »
This report, witten by Annu Kotiranta, Anne Kovalainen, Petri Rouvinen has been published by the Finnish Business and Policy Forum. This should inspire our shreholders when they chose a CEO…
Summary
Less than a tenth of the CEOs of Finnish firms and less than a fourth of the corporate board members are women. From a social standpoint more women are desired in top management, but should firms’ owners and those represent¬ing their business interests be concerned with women’s role in top management? Since hard facts have been in short supply, we seek to an¬swer the question by applying scientific research methods.
Our results indicate that a company led by a female CEO is on average slightly more than a percentage point – in practice about ten per cent – more profitable than a corresponding company led by a male CEO. This observation holds even after taking into account size differences and a number other factors possibly affecting profit¬ability. The share of female board members also has a similar positive impact. These findings are significant and important not only from a statistical and research perspective but also from a business standpoint.
