Does Having A Black CEO Help Firm Performance?
The Horizons Tracker
JANUARY 22, 2023
The researchers examined the performance of around 5,000 CEOs who had been appointed between 2001 and 2020. They found that when a Black CEO was appointed, the average share price rose such that the median firm was able to see a boost of nearly $50 million in market capitalization. higher returns than would otherwise be expected.
Let's personalize your content