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INCENTIVE SCHEMES AND FEMALE LEADERSHIP IN FINANCIAL FIRMS
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Björn Lantz 
, Petra Bredehorst-Carlsson, Johan Johansson
Abstract
Our purpose is to explore how performance in Swedish financial companies is affected by the presence of a female chief executive officer (CEO), the presence of an incentive scheme, and the proportion of female board members. The results indicate that a female CEO is associated with a lower return on equity (ROE) and a lower Tobin’s Q, but we find no significant association between the proportion of female board members and firm performance. An incentive scheme is generally associated with a lower return on assets (ROA) and a higher Tobin’s Q. In particular, a share-based incentive scheme is associated with a lower ROA, a lower ROE, and a higher Tobin’s Q.
Keywords: ROA, Corporate Governance, Financial Firms, Female Leadership, CEO
How to cite this paper: Lantz, B., Bredehorst-Carlsson, P., & Johansson, J. (2013). Incentive schemes and female leadership in financial firms. Corporate Board: role, duties and composition, 9(1), 40-49. https://doi.org/10.22495/cbv9i1art4
