New research shows that women CEOs more often
articulate concepts of diversity, empathy, adaptability, and
transformation
NEW
YORK, Oct. 24, 2022 /PRNewswire/ -- S&P
Global (NYSE: SPGI) today released a research report that
contributes to a better understanding of the leadership style of
women leaders during times of economic uncertainty and workplace
transformation. The new report, "Women CEOs: Leadership for a
Diverse Future," found that women CEOs more frequently use
terms associated with positive communication and more often
articulate concepts of diversity, empathy, adaptability and
transformation.
This study suggests there is a transformation among women's
leadership styles: today's women CEOs are more aligned with the
concept of authentic leadership, which draws from and mirrors the
diversity of society. Women's leadership styles also tend to
benefit a broader range of stakeholders within and outside
companies.
"Women CEOs, since the outbreak of the pandemic, steadily
increased their use of words corresponding to leadership styles
built around diversity, empathy, adaptability, and transformation,
according to our language analysis," said Daniela Brandazza,
Senior Director, S&P Global Ratings. "During times of
economic uncertainty and workplace transformation, we believe this
research provides data and insights to help us examine leadership
styles that can contribute to a more equitable, productive, and
sustainable working culture"
Key findings of the report include:
- According to our language analysis of 6,831 corporate leaders
of over 5,801 companies in the S&P Global Broad Market Index,
women CEOs, since the outbreak of the pandemic, steadily increased
their use of words corresponding to leadership styles built around
diversity, empathy, adaptability and transformation.
- Diversity replaced accountability as the most important trait
of women CEOs' leadership styles by 2022. A transformational style
that tends to inspire beyond expectations in emphasizing a vision
that goes beyond self-interest emerged as the fourth most
prevalent.
- Consistently for the past two years, women CEOs have exhibited
a more positive communication style, as observed in their more
frequent use of words like "growth", "continue", "good", and
"customer". Both women and men CEOs continue to express negative
sentiment at comparable frequency in their communication over the
period.
- Women are still significantly underrepresented as CEOs
globally, but slightly increased their share to 5.4% in 2022,
compared with 5% in 2021. Both the real estate and health care
sectors continue to lead with larger percentages of women
CEOs.
This article revisits S&P Global's 2021 study about
leadership during COVID-19, which concluded that while women CEOs'
leadership style is different from male peers, it proved to be just
as effective in terms of the financial performance of their
companies. Both reports build upon #ChangePays, S&P
Global's ongoing series of reports on women's economic
participation and impact.
S&P Global conducted this research in collaboration with the
LARGEPA Research Laboratory in Management Sciences at Paris
Pantheon-Assas University, and used language analysis of earning
call transcripts of 6,831 men and women corporate leaders of over
5,801 companies in the S&P Global Broad Market Index covering
corporations with the largest global market capitalization.
Read the full report here.
About S&P Global
S&P Global (NYSE: SPGI) provides essential intelligence. We
enable governments, businesses and individuals with the right data,
expertise and connected technology so that they can make decisions
with conviction. From helping our customers assess new investments
to guiding them through ESG and energy transition across supply
chains, we unlock new opportunities, solve challenges and
accelerate progress for the world.
We are widely sought after by many of the world's leading
organizations to provide credit ratings, benchmarks, analytics and
workflow solutions in the global capital, commodity and automotive
markets. With every one of our offerings, we help the world's
leading organizations plan for tomorrow, today.
Media Contact
Christopher
Krantz
Senior Director, Communications
+44 79 7663 2658
christopher.krantz@spglobal.com
View original
content:https://www.prnewswire.com/news-releases/sp-global-study-finds-that-women-leaders-use-positive-communication-styles-during-times-of-economic-uncertainty-301657266.html
SOURCE S&P Global