The Effect of Gender on Investorss Judgements and Decision Making DOI
Yi Luo, Steven E. Salterio

SSRN Electronic Journal, Journal Year: 2017, Volume and Issue: unknown

Published: Jan. 1, 2017

We examine whether an unsophisticated investor's own gender interacts with of a sell-side equity analyst to affect the judgment. Prior research shows two potential sources gender-based discrimination that female investors. First, investors' advisors offer less risky hence lower return portfolios investors than male similar risk preferences as are perceived more risk-averse. Second, analysts subject greater barriers enter and advance in investment firms act if they believe clients prefer investing is male-stereotypical occupation. Using experiments, we use judge-advisor framework predict find analyst's jointly influence Specifically, female-female analyst-investor pair generates strongest reaction advice compared any other pair, everything else equal. Further, efforts highlight equal performance activate stereotypes reduce receptivity analysts' advice. By linking these previously different show reinforce each attempts "level playing field" by emphasizing parity may have unexpected results.

Language: Английский

The Effect of Gender on Investors’ Judgments and Decision-Making DOI
Yi Luo, Steven E. Salterio

Journal of Business Ethics, Journal Year: 2021, Volume and Issue: 179(1), P. 237 - 258

Published: May 8, 2021

Language: Английский

Citations

21
Do Women Receive Worse Financial Advice? DOI
Utpal Bhattacharya, Аміт Кумар, Sujata Visaria

et al.

SSRN Electronic Journal, Journal Year: 2020, Volume and Issue: unknown

Published: Jan. 1, 2020

Trained undercover men and women posed as potential clients visited all 65 local financial advisory firms in Hong Kong. We find that are more likely than to receive advice buy only individual or securities. This effect is significant for planners, but not securities firms. Women who signal they highly confident, risk tolerant, have a domestic outlook, especially suboptimal advice. Our theoretical model interprets these patterns an interaction between statistical discrimination advisors’ incentives. Taste-based unlikely explain the results.

Language: Английский

Citations

10
Do Women Behave Financially Worse than Men? Evidence from Married and Cohabiting Couples DOI Open Access
Andrzej Cwynar

Central European Business Review, Journal Year: 2021, Volume and Issue: 10(5), P. 81 - 98

Published: Feb. 27, 2021

Extensive empirical evidence shows that women perform worse in financial literacy tests, which implies their behaviour may also be compared to men. However, the literature on gender gap is scanty and highly inconclusive. Using data from a survey of married cohabiting couples living Poland (N=1,000) multi-dimensional scale validated terms its psychometric properties, this article compares The applied tests did not show any significant differences overall index or subdomains distinguished scale. social identity theory as framework, we discuss possible explanations these puzzling findings, imply are unnecessarily considered disadvantaged group preparedness participate life, including business sphere.Implications for Central European audience: Assuming can explained grounds theory, Eastern Europe differ Western gap. Socially-imposed roles were presumably shaped differently behind Iron Curtain, resulted distinction between masculine feminine got blurred under Soviet regime. As result, absence more likely occur countries. Financial education initiatives should take circumstance into account.

Language: Английский

Citations

9
THE COMBINED EFFECT OF RISK PERCEPTION AND RISK TOLERANCE ON THE INVESTMENT DECISION MAKING DOI Open Access

Natnaporn Aeknarajindawat

Journal of Security and Sustainability Issues, Journal Year: 2020, Volume and Issue: 9(3), P. 807 - 818

Published: March 25, 2020

The increase in the investment complications current environment has need of good quality financial advices services.Based on this, aim study is being to investigate join effect risk tolerance (RT) and perception (RP) individual risky asset allocation decision along with other essential variable context advice which consist literacy trust.For this purpose, data was collected from 210 advisors banking sectors by using a convenient sampling technique yield 70% response rate.For analysis, Structural Equation Modeling (SEM) employed.The SEM analysis shown that trust positive significant association RP FL, FL also while insignificant RP.In addition, RT have sector Indonesia.Based findings, added body literature empirical findings could become new area research future.The limitations future directions are discussed at end study.

Language: Английский

Citations

9
The Effect of Gender on Investorss Judgements and Decision Making DOI
Yi Luo, Steven E. Salterio

SSRN Electronic Journal, Journal Year: 2017, Volume and Issue: unknown

Published: Jan. 1, 2017

We examine whether an unsophisticated investor's own gender interacts with of a sell-side equity analyst to affect the judgment. Prior research shows two potential sources gender-based discrimination that female investors. First, investors' advisors offer less risky hence lower return portfolios investors than male similar risk preferences as are perceived more risk-averse. Second, analysts subject greater barriers enter and advance in investment firms act if they believe clients prefer investing is male-stereotypical occupation. Using experiments, we use judge-advisor framework predict find analyst's jointly influence Specifically, female-female analyst-investor pair generates strongest reaction advice compared any other pair, everything else equal. Further, efforts highlight equal performance activate stereotypes reduce receptivity analysts' advice. By linking these previously different show reinforce each attempts "level playing field" by emphasizing parity may have unexpected results.

Language: Английский

Citations

0