Companies that have more women on their boards of directors make fewer bids for mergers and acquisitions — and pay less for acquired companies. That’s the finding from a new paper (Levi, Li, and Zhang, 2013) by Maurice Levi and Kai Li of the Sauder School of Business at the University of British Columbia and Feng Zhang at the David Eccles School of Business at the University of Utah.
Marvin E. Smith 