The Relationship Between Gender Inequality and the Performance of Large Corporations

Abstract

The paper is devoted to the study of the relationship between gender inequality and the efficiency of corporate activities on the example of a group of the world's largest companies included in the Forbes Global 2000 list. The authors analyze a number of factors that reflect gender inequality in corporations and the corresponding factors of the cultural environment in the countries where companies are located. Only 8.3% of companies from the sample group of the largest corporations in the world are headed by women. The authors tested hypotheses about the relationship between corporate profitability and gender inequality factors using econometric analysis methods. The simulation results show that there is no significant relationship between profitability and the gender of the head (CEO) of the company. At the same time, gender inequality in the country where the company is located affects the efficiency of its activities, which indicates the need for further research on this issue.