Sex Matters: Gender Di.erences in a Professional Setting
This paper shows that gender differences exist in a professional setting where managers 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 managers 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.
Gender Di.erences Mutual Funds Risk Aversion Stereotyping
Alexandra Niessen Stefan Ruenzi
University of Cologne,Department of Corporate Finance and Centre for Financial Research (CFR),Albert University of Cologne,Department of Finance and Centre for Financial Research (CFR),Albertus-Magnus
国际会议
大连
英文
1-58
2008-07-02(万方平台首次上网日期,不代表论文的发表时间)