The Impact of Role Models on Women’s Self-Selection into Competitive Environments

Kristina Meier (), Alexandra Niessen-Ruenzi and Stefan Ruenzi ()
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Kristina Meier: University of Mannheim, 68131 Mannheim, Germany
Alexandra Niessen-Ruenzi: University of Mannheim, L9, 1-2, 68131 Mannheim, Germany
Stefan Ruenzi: University of Mannheim, 68131 Mannheim, Germany

Quarterly Journal of Finance (QJF), 2024, vol. 14, issue 02, 1-28

Abstract: In this paper, we show that competitive female role models reduce women’s perceived stereotype threat and increase their willingness to compete. Competitive male role models have the opposite effect: they reduce women’s willingness to compete, and the gender gap in tournament entry increases. Results are strongest for the best performing women who would benefit most from competing. Role models have no impact on low performing women, and on men.

Keywords: Gender; competition; role models; stereotypes (search for similar items in EconPapers)
JEL-codes: C9 J16 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1142/S2010139224400019

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