In an analysis of Standard and Poor’s 500 companies, researchers found that when a firm was led by a CEO with at least one daughter, it scored 11.9pc higher on corporate social responsibility metrics — ranging from 13.7pc more on diversity and 1pc more on human rights — than the median. These companies also spent 13.4pc more of their net income on CSR. Why? In an interview on HBR.org, Henrik Cronqvist from the University of Miami notes that “literature in economics, psychology and sociology suggests that women tend to care more about the well-being of other people and of society than men do, and that female children can increase those sympathies in their parent.”

(Source: HBR.org)

Published in Dawn, Business & Finance weekly, November 30th, 2015