54
WOMEN'S
LEADERSHIP
ADVERTISINGINDEX
Note: Ad page number(s) given in parentheses
American Heart Association. heart.org (pg. 24)
Andor Health. andorhealth.com (pg. 32)
Cardinal Health. cardinalhealth.com / cardinalhealth.com/labkittingservices (pgs. 2, 55)
care.ai. care.ai (pg. 18)
CHG Healthcare. chghealthcare.com/people-tech (pg. 15)
Clearway Health. clearwayhealth.com (pg. 21)
Elsevier. elsevier.com/clinicalkey-ai (pg. 5)
Healthcare Plus Solutions Group. healthcareplussg.com (pg. 47)
HealthTrust. healthtrustpg.com (pgs. 41-44)
LeanTaaS. leantaas.com (pg. 56)
LinkedIn. business.linkedin.com (pg. 35)
Notable. notablehealth.com (pg. 3)
NRC Health. nrchealth.com/godeeper (pgs. 10-11)
Oracle. oracle.com (pg. 52)
Pfizer. pfizerhospitalus.com (pg. 7)
Philips. usa.philips.com (pg. 9)
UpStream USA. access.upstream.org (pg. 27)
Female, male CEOs take similar risks under
pressure: Study
By Alexis Kayser
T
here's a gendered assumption that women CEOs are more risk-
averse than men, but recent research suggests that isn't always
the case.
e study, published in the Strategic Management Journal, analyzed
1,700 S&P 1000 firms in Execucomp from 2006 to 2013. e final
sample yielded 10,351 observations on firms' acquisition activity
and the gender of their CEO, along with industry dynamism, media
coverage and relative board power over the CEO. Researchers from the
University of Alberta (Canada), Athens-based University of Georgia,
Blacksburg-based Virginia Tech University and Boise (Idaho) State
University participated.
e researchers found that female CEOs of major firms do make fewer
acquisitions than their male counterparts, on average. But in high-
scrutiny contexts (where there is substantial industry dynamism,
media coverage and relative board power), the difference disappears,
and women acquire as much as men.
Under less scrutiny, women CEOs engage in "more detailed and
effortful consideration of the data," according to the study. If they have
the time and mental energy, they are more careful with acquisitions,
finding reasons to block or slow transactions.
When the pressure is on, their evaluation processes become less
calculated, more akin to men's.
Timothy Hannigan, PhD, a co-author from the University of Alberta,
said this may not be seen in a positive light in North America, where
men helm the majority of big companies. However, some business
observers are questioning whether high acquisitions are always
a good thing; women's careful handling of complex transactions
"might actually be a benefit when it comes to shareholder value," Dr.
Hannigan said in a March 6 university article.
"To say that women are conservative, and that's just how they were
born, is not very helpful," Dr. Hannigan said. "e fact that their
behavior shis depending on conditions speaks to the dynamism of
female CEOs and how they act." n
