Women in finance

Renee Adams and Tom Kirchmaier ()

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Across countries, banks have less gender diverse boards than other firms. Bank board diversity is particularly low in countries with greater gender gaps in PISA math scores and lower average math scores. We find similar results using state-level NAEP math scores in the United States. The influence of math scores appears to transcend standard cultural explanations. Female directors are more likely to have an MBA in banks, especially in countries with greater gender gaps in math scores. Our evidence suggests that differences in educational outcomes for boys and girls may have long-lasting implications for their career development.

Keywords: mathematics; gender gaps; finance; banks; STEM; board; diversity; growth; PISA; NAEP (search for similar items in EconPapers)
JEL-codes: G34 G38 J16 J22 (search for similar items in EconPapers)
Pages: 55 pages
Date: 2016-06-01
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:118970

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