Family businesses account for more than 70 percent of global GDP, and survey data shows that they are much friendlier to female leadership: up to 55 percent have at least one woman on their board and 70 percent are considering a woman for their next CEO.

Experts have attributed this outlier gender parity to an emphasis on long-term strategies or family values. But a study, published in the Strategic Entrepreneurship Journal, suggests that women’s success as leaders in family businesses is deeply rooted in how employees interpret their leadership style.

Read more at: https://phys.org/news/2024-01-family-businesses-women-leaders.html