In recent years a significant increase in the employment rate of women in society has been observed. Its reason is existence of considerable merit in the management styles of women. Therefore, a fresh look at the management of women in developing countries are emerging. There are a lot of studies regarding to the effect of women’s participation in social and political aspects, but no research in economic aspect, especially in the capital market has been done. In this paper the relationship between the presence of women on the board of directors of the listed companies at Tehran Stock Exchange is being investigated. Research required information have been extracted from 114 accepted firms in Tehran Stock Exchange using Cochran sampling method in 5-year period (1386-1390 Hijri) . The results shows that the presence of female directors in the boardroom have positive and significant relation with return on asset (ROA) and return on equity (ROE) and no significant relation with Q-Tobin and selling.