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Proposing a Framework for Calculating an Index on Gender Equality in Financial Firms

In: Women in Financial Services

Author

Listed:
  • Giuliana Birindelli

    (“G. d’Annunzio” University of Chieti-Pescara)

  • Antonia Patrizia Iannuzzi

    (“Aldo Moro” University of Bari)

Abstract

This chapter opens by underlining the importance of a model that allows the assessment of the gender diversity of financial firms under several analysis profiles widely discussed in the previous chapters. We propose a model of analysis that is suitable for the construction of an index of gender diversity based on a set of items predetermined according to standards, legal acts, and best practices relevant to the topic. More in detail, the framework consists of 24 items that can be divided into four categories: (1) gender balance in governance bodies and employees; (2) policies promoting gender equality; (3) transparency of the company’s actions towards the community; and (4) equal compensation. In the case of comparison among intermediaries of the same country, the proposed framework can be integrated by taking into account further elements peculiar to each country. It is a first attempt to fill a gap in the gender diversity literature, where—to the best of our knowledge—there is no framework to calculate a gender equality index that goes beyond the composition of governance bodies and the gender of the board chair and/or CEO.

Suggested Citation

  • Giuliana Birindelli & Antonia Patrizia Iannuzzi, 2022. "Proposing a Framework for Calculating an Index on Gender Equality in Financial Firms," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Women in Financial Services, chapter 0, pages 345-353, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-3-030-93471-2_11
    DOI: 10.1007/978-3-030-93471-2_11
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