IDEAS home Printed from https://ideas.repec.org/a/bla/jfinan/v77y2022i1p317-365.html
   My bibliography  Save this article

Female Representation in the Academic Finance Profession

Author

Listed:
  • MILA GETMANSKY SHERMAN
  • HEATHER E. TOOKES

Abstract

We present new data on female representation in the academic finance profession. In our sample of finance faculty at top‐100 U.S. business schools during 2009 to 2017, only 16.0% are women. The gender imbalance manifests in several ways. First, after controlling for research productivity, women hold positions at lower ranked institutions and are less likely to be full professors. Results also suggest that they are paid less. Second, women publish fewer papers. This gender gap exists in research quantity, not quality. Third, women have more female coauthors, suggesting smaller publication networks. Time‐series data suggest shrinking gender gaps in recent years.

Suggested Citation

  • Mila Getmansky Sherman & Heather E. Tookes, 2022. "Female Representation in the Academic Finance Profession," Journal of Finance, American Finance Association, vol. 77(1), pages 317-365, February.
    • Handle: RePEc:bla:jfinan:v:77:y:2022:i:1:p:317-365
    DOI: 10.1111/jofi.13094
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/jofi.13094
    Download Restriction: no
    File URL: https://libkey.io/10.1111/jofi.13094?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Kathy J. Hayes & Donna K. Ginther, 1999. "Gender Differences in Salary and Promotion in the Humanities," American Economic Review, American Economic Association, vol. 89(2), pages 397-402, May.
    2. Leah Boustan & Andrew Langan, 2019. "Variation in Women's Success across PhD Programs in Economics," Journal of Economic Perspectives, American Economic Association, vol. 33(1), pages 23-42, Winter.
    3. Marianne Bertrand, 2018. "Coase Lecture – The Glass Ceiling," Economica, London School of Economics and Political Science, vol. 85(338), pages 205-231, April.
    4. Erin Hengel & Eunyoung Moon, 2020. "Gender and quality at top economics journals," Working Papers 202001, University of Liverpool, Department of Economics.
    5. David Card & Stefano DellaVigna & Patricia Funk & Nagore Iriberri, 2020. "Are Referees and Editors in Economics Gender Neutral?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 135(1), pages 269-327.
    6. Scott E. Carrell & Marianne E. Page & James E. West, 2010. "Sex and Science: How Professor Gender Perpetuates the Gender Gap," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 125(3), pages 1101-1144.
    7. James J. Heckman & Sidharth Moktan, 2020. "Publishing and promotion in economics - The tyranny of the Top Five," Vox eBook Chapters, in: Sebastian Galliani & Ugo Panizza (ed.), Publishing and Measuring Success in Economics, edition 1, volume 1, chapter 1, pages 23-32, Centre for Economic Policy Research.
    8. Pallab Ghosh & Zexuan Liu, 2020. "Coauthorship and the gender gap in top economics journal publications," Applied Economics Letters, Taylor & Francis Journals, vol. 27(7), pages 580-590, April.
    9. Currie, Russell R. & Pandher, Gurupdesh S., 2011. "Finance journal rankings and tiers: An Active Scholar Assessment methodology," Journal of Banking & Finance, Elsevier, vol. 35(1), pages 7-20, January.
    10. Heather Sarsons & Klarita Gërxhani & Ernesto Reuben & Arthur Schram, 2021. "Gender Differences in Recognition for Group Work," Journal of Political Economy, University of Chicago Press, vol. 129(1), pages 101-147.
    11. Francine D. Blau & Lawrence M. Kahn, 2017. "The Gender Wage Gap: Extent, Trends, and Explanations," Journal of Economic Literature, American Economic Association, vol. 55(3), pages 789-865, September.
    12. Monks, James & Robinson, Michael, 2000. "Gender and Racial Earnings Differentials in Academic Labor Markets," Economic Inquiry, Western Economic Association International, vol. 38(4), pages 662-671, October.
    13. Shelly Lundberg & Jenna Stearns, 2019. "Women in Economics: Stalled Progress," Journal of Economic Perspectives, American Economic Association, vol. 33(1), pages 3-22, Winter.
    14. Jaegeum Lim & Jonathan Meer, 2020. "Persistent Effects of Teacher–Student Gender Matches," Journal of Human Resources, University of Wisconsin Press, vol. 55(3), pages 809-835.
    15. Jonathan Brogaard & Joseph Engelberg & Edward Van Wesep, 2018. "Do Economists Swing for the Fences after Tenure?," Journal of Economic Perspectives, American Economic Association, vol. 32(1), pages 179-194, Winter.
    16. Anne Boschini & Anna Sjögren, 2007. "Is Team Formation Gender Neutral? Evidence from Coauthorship Patterns," Journal of Labor Economics, University of Chicago Press, vol. 25(2), pages 325-365.
    17. Francine D. Blau & Janet M. Currie & Rachel T. A. Croson & Donna K. Ginther, 2010. "Can Mentoring Help Female Assistant Professors? Interim Results from a Randomized Trial," American Economic Review, American Economic Association, vol. 100(2), pages 348-352, May.
    18. Steve Swidler & Elizabeth Goldreyer, 1998. "The Value of a Finance Journal Publication," Journal of Finance, American Finance Association, vol. 53(1), pages 351-363, February.
    19. Claudia Goldin, 2014. "A Grand Gender Convergence: Its Last Chapter," American Economic Review, American Economic Association, vol. 104(4), pages 1091-1119, April.
    20. Melissa Binder & Kate Krause & Janie Chermak & Jennifer Thacher & Julia Gilroy, 2010. "Same Work, Different Pay? Evidence from a US Public University," Feminist Economics, Taylor & Francis Journals, vol. 16(4), pages 105-135.
    21. Hollis, Aidan, 2001. "Co-authorship and the output of academic economists," Labour Economics, Elsevier, vol. 8(4), pages 503-530, September.
    22. Raymond P. H. Fishe, 1998. "What Are the Research Standards for Full Professor of Finance?," Journal of Finance, American Finance Association, vol. 53(3), pages 1053-1079, June.
    23. Kahn, Shulamit, 1993. "Gender Differences in Academic Career Paths of Economists," American Economic Review, American Economic Association, vol. 83(2), pages 52-56, May.
    24. Cassandra M. Guarino & Victor M. H. Borden, 2017. "Faculty Service Loads and Gender: Are Women Taking Care of the Academic Family?," Research in Higher Education, Springer;Association for Institutional Research, vol. 58(6), pages 672-694, September.
    25. Heather Antecol & Kelly Bedard & Jenna Stearns, 2018. "Equal but Inequitable: Who Benefits from Gender-Neutral Tenure Clock Stopping Policies?," American Economic Review, American Economic Association, vol. 108(9), pages 2420-2441, September.
    26. Linda Babcock & Maria P. Recalde & Lise Vesterlund & Laurie Weingart, 2017. "Gender Differences in Accepting and Receiving Requests for Tasks with Low Promotability," American Economic Review, American Economic Association, vol. 107(3), pages 714-747, March.
    27. Kasey Buckles, 2019. "Fixing the Leaky Pipeline: Strategies for Making Economics Work for Women at Every Stage," Journal of Economic Perspectives, American Economic Association, vol. 33(1), pages 43-60, Winter.
    28. John M. McDowell & Larry D. Singell & Mark Stater, 2006. "Two to Tango? Gender Differences in the Decisions to Publish and Coauthor," Economic Inquiry, Western Economic Association International, vol. 44(1), pages 153-168, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yihui Lan & Kenneth W Clements & Zong Ken Chai, 2022. "Australian PhDs in Economics and Finance: Professional Activities, Productivity and Prospects," Economics Discussion / Working Papers 22-04, The University of Western Australia, Department of Economics.
    2. Chengguang Li & Jungsoo Ahn & Juan Bu & Klaus E. Meyer, 2023. "The value of publishing in JIBS," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 54(9), pages 1688-1699, December.
    3. MinSub Kim & Joyce J. Chen & Bruce A. Weinberg, 2023. "Gender pay gaps in economics: A deeper look at institutional factors," Agricultural Economics, International Association of Agricultural Economists, vol. 54(4), pages 471-486, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Auriol, Emmanuelle & Friebel, Guido & Weinberger, Alisa & ,, 2021. "Women in Economics: Europe and the World," CEPR Discussion Papers 16686, C.E.P.R. Discussion Papers.
    2. Verónica Amarante & Marisa Bucheli & María Inés Moraes & Tatiana Pérez, 2021. "Women in Research in Economics in Uruguay," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, vol. 40(84), pages 763-790, October.
    3. Rodrigo Dorantes-Gilardi & Aurora A. Ramírez-Álvarez & Diana Terrazas-Santamaría, 2023. "Is there a differentiated gender effect of collaboration with super-cited authors? Evidence from junior researchers in economics," Scientometrics, Springer;Akadémiai Kiadó, vol. 128(4), pages 2317-2336, April.
    4. Jenny Bourne & Nathan D. Grawe & Michael Hemesath & Prathi Seneviratne & Maya Jensen, 2024. "The Disappearing Gender Gap in Scholarly Publication of Economists at Liberal Arts Colleges," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 50(1), pages 117-134, January.
    5. Rebecca Cassells & Leonora Risse & Danielle Wood & Duygu Yengin, 2023. "Lifting Diversity and Inclusion in Economics: How the Australian Women in Economics Network Put the Evidence into Action," Economic Papers, The Economic Society of Australia, vol. 42(1), pages 1-29, March.
    6. MinSub Kim & Joyce J. Chen & Bruce A. Weinberg, 2023. "Gender pay gaps in economics: A deeper look at institutional factors," Agricultural Economics, International Association of Agricultural Economists, vol. 54(4), pages 471-486, July.
    7. Bransch, Felix & Kvasnicka, Michael, 2022. "Male Gatekeepers: Gender Bias in the Publishing Process?," Journal of Economic Behavior & Organization, Elsevier, vol. 202(C), pages 714-732.
    8. Dennis Wesselbaum, 2023. "Understanding the Drivers of the Gender Productivity Gap in the Economics Profession," The American Economist, Sage Publications, vol. 68(1), pages 61-73, March.
    9. Andrew Hussey & Sheena Murray & Wendy Stock, 2022. "Gender, coauthorship, and academic outcomes in economics," Economic Inquiry, Western Economic Association International, vol. 60(2), pages 465-484, April.
    10. J. Ignacio Conde-Ruiz & Juan-José Ganuza & Manu García & Luis A. Puch, 2021. "Gender Distribution across Topics in Top 5 Economics Journals: A Machine Learning Approach," Working Papers 1241, Barcelona School of Economics.
    11. Itzik Fadlon & Frederik Plesner Lyngse & Torben Heien Nielsen, 2022. "Early Career Setbacks and Women’s Career-Family Trade-Off," CEBI working paper series 22-06, University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI).
    12. Peter Andre & Armin Falk, 2021. "What’s Worth Knowing? Economists’ Opinions about Economics," ECONtribute Discussion Papers Series 102, University of Bonn and University of Cologne, Germany.
    13. Jenny Bourne & Nathan Grawe & Nathan D. Grawe & Michael Hemesath & Maya Jensen, 2022. "Scholarly Activity among Economists at Liberal Arts Colleges: A Life Cycle Analysis," Working Papers 2022-01, Carleton College, Department of Economics.
    14. Heinrichs, Katrin & Sonnabend, Hendrik, 2020. "The glass ceiling revisited: empirical evidence from the German academic career ladder," VfS Annual Conference 2020 (Virtual Conference): Gender Economics 224594, Verein für Socialpolitik / German Economic Association.
    15. Danula K. Gamage & Almudena Sevilla, 2019. "Gender Equality and Positive Action: Evidence from UK Universities," AEA Papers and Proceedings, American Economic Association, vol. 109, pages 105-109, May.
    16. Fernandes, Mario & Hilber, Simon & Sturm, Jan-Egbert & Walter, Andreas, 2023. "Closing the gender gap in academia? Evidence from an affirmative action program," Research Policy, Elsevier, vol. 52(9).
    17. Valeria Rueda & Guillaume Wilemme, 2021. "Career Paths with a Two-Body Problem: Occupational Specialization and Geographic Mobility," Upjohn Working Papers 21-346, W.E. Upjohn Institute for Employment Research.
    18. Marianne Bertrand, 2018. "Coase Lecture – The Glass Ceiling," Economica, London School of Economics and Political Science, vol. 85(338), pages 205-231, April.
    19. Lorenzo Ductor & Sanjeev Goyal & Anja Prummer, 2023. "Gender and Collaboration," ThE Papers 23/01, Department of Economic Theory and Economic History of the University of Granada..
    20. Pierre Deschamps, 2018. "Gender Quotas in Hiring Committees: a Boon or a Bane for Women?," Sciences Po publications 82, Sciences Po.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jfinan:v:77:y:2022:i:1:p:317-365. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/afaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.