Sex matters: Gender differences in a professional setting
AbstractThis paper shows that gender di®erences exist in a professional setting where man-agers have a similar educational background and work experience. Using data from the U.S. mutual fund industry we find that female managers are more risk averse, follow less extreme and more consistent investment styles and trade less than male managers. Although female and male managers do not differ in average performance, female man-agers receive significantly lower inflows. This suggests that they might be stereotyped as less skilled. Furthermore, they mainly work in companies that are large, well established and that are located in less conservative states of the U.S. --
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Bibliographic InfoPaper provided by University of Cologne, Centre for Financial Research (CFR) in its series CFR Working Papers with number 06-01.
Date of creation: 2007
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More information through EDIRC
Gender Di®erences; Mutual Funds; Risk Aversion; Stereotyping;
Find related papers by JEL classification:
- G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
- J2 - Labor and Demographic Economics - - Demand and Supply of Labor
- J71 - Labor and Demographic Economics - - Labor Discrimination - - - Hiring and Firing
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