Diversity and women in finance: Challenges and future perspectives

Girardone, Claudia; Kokas, Sotirios; Wood, Geoffrey

doi:10.1016/j.jcorpfin.2021.101906

Cited by 38 publications

(25 citation statements)

References 94 publications

(91 reference statements)

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“…In 2020, according to the European Economic Governance Support Unit (2021), female executive directors of large banks represented only 26.4%. Some authors argue that the glass ceiling phenomenon duplicates in the financial sector, where the predominance of masculine cultural values augments the obstacles to women's career advancement (Girardone et al, 2021). Indeed, male-dominated industries can exacerbate stereotypes and barriers to gender equality in workplaces.…”

Section: Fintech Industry and Gender Gapmentioning

confidence: 99%

“…Fintech is a sector where the gender gap may manifest naturally, as it relies on the combination of mathematical and IT skills with banking and financial knowledge, traditionally a prerogative of men. Prior literature recognizes that the glass ceiling phenomenon and barriers to career advancement are amplified both in the financial sector (Girardone et al, 2021) and in industries that require high math, science, and technology skills (Reuben et al, 2014).…”

Section: Introductionmentioning

confidence: 99%

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Sinergie-SIMA 2022 Management Conference Boosting knowledge & trust for a sustainable business

NOSI¹

2022

Sinergie Italian Journal of Management

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The resource-based view (RBV) has been one of the most cited streams of research in the management literature. This theory has been one of the few theories completely developed within the management disciplines. Since the initial pioneering research in the 80s and 90s, the study of knowledge-and trust-based resources has interested many theoretical and empirical works concerning many issues: company strategies, mergers and acquisitions, alliances and partnerships, organization and HR, innovation, marketing, consumer behavior, channel relationships, entrepreneurship, internationalization, and more. Today the post-pandemic world presents new challenges for managers, organizations, and researchers on which a deeper understanding of knowledge-and trust-based resources can help and shed a new light.Sustainability and a fast digital transformation are nowadays considered key goals for many companies, managers, public organizations, and governments under the umbrella of EU Next Generation Recovery Plan. The real challenge now is to enhance and leverage the intangible resources heritage -namely knowledge and trust -to get a more sustainable, inclusive and digital world and, as a consequence, for building a better society. In this perspective, also the long-term goals of the firm and its finalism have to be totally re-shaped.Sinergie Italian Journal of Management dedicated a special issue to this topic more than 20 years ago and many scholars have studied and deepened this multi-faced topic with original approaches in our community.

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Section: Fintech Industry and Gender Gapmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Sinergie-SIMA 2022 Management Conference Boosting knowledge & trust for a sustainable business

NOSI¹

2022

Sinergie Italian Journal of Management

View full text Add to dashboard Cite

show abstract

“…For instance, despite the considerably high female representation in the banking sector, involvement of women in board level positions remains at a low level (International Labour Organization, 2019;Gunawardana, 2017;Metz, 2003;Metz & Tharenou, 1999). Even with many promising initiatives taken by policy makers to uplift workforce diversity and gain women's contribution to the economy (Girardone et al, 2021), investigations focusing on women's involvement at board level in the banking and finance field continuously highlight the scarcity of women managers in the upper echelons of the corporate sector (Metz & Tharenou, 2001;Cohen et al, 2020). Therefore, it is apparent that the finance sector is still not able to harness the full potential of having a gender diverse workforce.…”

Section: Underrepresentation Of Women Managers In Upper Echelons Of the Finance Sectormentioning

confidence: 99%

“…Thus, it is evident that women's perceived glass ceiling is mainly related to the signals they receive from the organizational and social context. The extant literature related to factors affecting diversity and the stance of women at board level positions in the finance sector, emphasize mainly on the importance of organizational improvements related to corporate social responsibilities and corporate governance (Girardone et al, 2021). These indicate that the negative signals previously identified could easily arise from the organizational context that do not appear to be conducive for senior female management.…”

Section: Contributory Factorsmentioning

confidence: 99%

Underrepresentation of Women Managers in the Boardroom: Evidence from the Sri Lankan Financial Sector

2021

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Despite the satisfactory progression of women in the workforce over the years, recognition of women in the upper echelons of the finance sector is still falling behind. This study examines the impediments that hinder women's representation in the boardrooms in Sri Lankan private sector finance organizations using Ragins and Sundstrom's (1989) four levels of analysis as the theoretical lens. We employed thematic analysis to explain how the individual, interpersonal, organizational, and social level factors affect the participation and progression of the female workforce. Perceived glass ceiling, individual role choices, the inadequacy of role models and mentoring, lack of networking opportunities, gendered organizational structures and socio-cultural norms were identified as pivotal factors affecting the glass ceiling. Understanding the interrelationship between these factors helps us to better understand the phenomenon of female leadership in organizations.

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“… 2 Girardone et al (2021) provides a comprehensive review of the recent empirical research on the causes and consequence of diversity and women in finance. …”

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confidence: 99%