By  on April 24, 2018

The notion of cultural gender bias is well established, and pervasive — so much so that it even follows the few women who manage to make their way to the very top of the corporate world and become chief executive officers, according to a new study.

The study, carried out by two female and three male economic department heads at the University of Alabama, the University of Memphis, the University of Missouri and Pennsylvania State University, looked at 18 years worth of Securities and Exchange Commission filings by investors who took an activist stake in the 500 largest public U.S. companies, based on revenue, and found that companies with female ceo’s were more likely to deal with one or multiple activist investors than those led by men.

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