Why women make better money managers (TODAY)
January 17, 2014
Crystal Hoyt, associate professor of leadership studies, comments on the differences between men and women as managers.
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The differences between how men and women behave as managers also could play a role, said Crystal Hoyt, an associate professor of leadership studies at University of Richmond.
Female managers are more likely to collaborate, since a hard-charging, authoritarian leadership style is more likely to be perceived as masculine. "There's a backlash if they're too masculine," she said. "They have to know when to listen to others and not assume they know exactly what to do,” Hoyt said. Taking the advice of others could improve their success as investors.