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

Giuliana Birindelli and Antonia Patrizia Iannuzzi ()
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Antonia Patrizia Iannuzzi: “Aldo Moro” University of Bari

Chapter Chapter 11 in Women in Financial Services, 2022, pp 345-353 from Palgrave Macmillan

Abstract: 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.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-030-93471-2_11

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DOI: 10.1007/978-3-030-93471-2_11

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