Gender Studies in Finance

Vers un nouveau genre de finance ?

Antoine Reberioux (), Gunther Capelle-Blancard and Jézabel Couppey-Soubeyran ()
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Antoine Reberioux: LADYSS - Laboratoire Dynamiques Sociales et Recomposition des Espaces - UP1 - Université Paris 1 Panthéon-Sorbonne - UP8 - Université Paris 8 Vincennes-Saint-Denis - UPN - Université Paris Nanterre - UPD7 - Université Paris Diderot - Paris 7 - CNRS - Centre National de la Recherche Scientifique
Jézabel Couppey-Soubeyran: CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement

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Abstract: In this article, we review gender studies in finance. Based on an original analysis of a French household survey (Insee-Pater survey), we first document differences across gender in preferences and behaviors in finance. We then examine the consequences of these differences in terms of saving and portfolio choices, regarding the use of banking and financial services, decisions made by agents in the banking and financial industry, corporate governance and, finally, regarding teaching and research practices by academics in finance. We highlight five main findings. (i) The Pater survey supports the existence of differences across gender in preferences and behavior; (ii) these differences are to a large extent driven by the fact that people unconsciously cling to gender-type stereotypes; (iii) whatever their causes, these differences result in rather negative outcomes for women in terms of portfolio choices and credit access; (iv) these differences are highly dependent on the context and individual past experience, including education in finance; (v) the literature has not so far produced convincing evidence of a "female-style" of leadership when women succeed in breaking the glass ceiling for top positions in the financial or non-financial sectors, and in firms, regulatory bodies or academia.

Keywords: gender studies; behavioral finance; financial education; corporate governance; sustainable finance; financial regulation; research in finance; études de genre; femme et finance; finance comportementale; éducation financière; gouvernance d’entreprise; finance durable; régulation financière; enseignement-recherche en finance (search for similar items in EconPapers)
Date: 2019-07-03
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Published in Revue de la régulation. Capitalisme, institutions, pouvoirs, 2019, 1er semestre/spring 2019 (25), ⟨10.4000/regulation.14632⟩

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Related works:
Working Paper: Gender Studies in Finance (2019)
Working Paper: Gender Studies in Finance (2019)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:pseptp:halshs-02188817

DOI: 10.4000/regulation.14632

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