@article{2026:knust:executive_,
title = {Executive Management Female Representation and Firm Performance in Switzerland},
year = {2026},
note = {We examine the evolution of female representation in Swiss executive
management and its impact on firm performance. We show a significant
increase in female executive management members from 2005 through
2024. Examining the association between substantive female
representation and firm performance in terms of return on equity and
revenue growth, we find no significant relation. However, decomposing
the return on equity via a DuPont analysis reveals that substantive
female representation (top quartile, >14.3 %) is associated with
higher profit margins and lower financial leverage, though these
associations are sensitive to threshold specification. Additional
analyses indicate that these performance implications have become more
pronounced over time.},
journal = {Swiss Journal of Business},
pages = {117--141},
author = {Knust, Lucas and Chardonnens, Patrick and Nagel, Gabriela},
volume = {80},
number = {2}
}