Newly incorporated companies with one female director have a 27% lower risk of becoming insolvent than comparable firms with all-male boards, says a team led by Nick Wilson of Leeds University Business School in the UK. The effect decreases as the number of female directors rises, suggesting that what matters is diversity rather than the specific number of women on the board. Past research shows that groups with greater gender diversity generate more-innovative thinking in problem solving.
Source: The survival of newly-incorporated companies and founding director characteristics