IDEAS home Printed from https://ideas.repec.org/a/taf/eurjfi/v30y2024i3p249-268.html
   My bibliography  Save this article

Risk taking in the context of financial advice: does gender interaction matter?

Author

Listed:
  • Jerome Monne
  • Janette Rutterford
  • Dimitris P. Sotiropoulos

Abstract

This study tests a gender threat hypothesis whereby having a financial advisor of the opposite gender results in gender stereotypical risk attitudes in portfolio choice. We employ a unique dataset of 1,621 advised UK investors, combined with information on the gender of their financial advisors. Confirming the hypothesis, our results show that men advised by a woman take more risk than when advised by a man. Women advised by a man adopt a more cautious approach than when advised by a woman. When the gender threat is alleviated, that is when women are advised by women, and men are advised by men, we found no gender gap in risk-taking.

Suggested Citation

  • Jerome Monne & Janette Rutterford & Dimitris P. Sotiropoulos, 2024. "Risk taking in the context of financial advice: does gender interaction matter?," The European Journal of Finance, Taylor & Francis Journals, vol. 30(3), pages 249-268, February.
    • Handle: RePEc:taf:eurjfi:v:30:y:2024:i:3:p:249-268
    DOI: 10.1080/1351847X.2023.2201471
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/1351847X.2023.2201471
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/1351847X.2023.2201471?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
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    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:taf:eurjfi:v:30:y:2024:i:3:p:249-268. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/REJF20 .

    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.