Does Gender Matter ?!

Differences in behavior could to some extent play a role in determining the way a CEO would perform. Mostly, women have the tendency of being risk-averse. On the other hand, men are more oriented to risk-taking. It would, therefore, be prudent to give higher priority to women CEO in organizations that are associated with high-risk activities as a way of reducing chances of failure of the organization. Investors also respond differently to changes in top management. Nevertheless, it is crucial to consider merit but not in totality ignore what gender-based behaviors would play in the organization. 

It would be necessary to begin by putting into consideration the relationship between the announcement of the CEO change and the stock returns before coming into a conclusion. Nevertheless, a change of plan could be necessary due to many other variables that could be influencing the stock returns other than the announcement of changes in the position of the CEO. 

The sorts of changes, new thoughts and useful practices that became part of the process are the consideration of the possibility of the existing asymmetric information before consideration of changes to the announcement of the CEO.

The work is essential mainly to investors when making decisions regarding the hiring of CEOs. The research could be useful in breaking a tie in the competitive hiring of the CEO between genders. At the same time, it could form a platform of decision making to the top management and particularly to the investors when considering the various factors influencing the stock returns of the organization. Organizations could as well use it in undertaking further research as far as behaviors are concerned with regards to gender differences.