Estimation and Impact of Gender Differences in Risk Tolerance

Neelakantan, Urvi

doi:10.1111/j.1465-7295.2009.00251.x

Cited by 94 publications

(62 citation statements)

References 15 publications

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“…14 For a meta-analysis of studies looking at the impact of gender on negotiator competitiveness see Walters et al (1998). 15 These findings are to an extent compatible with Neelakantan (2010) who finds that about 10% of the gender gap in accumulated wealth of elderly Americans (194,000 $ for men and 95,000$ for women) is due to differences in risk tolerance, because women are more conservative investors with a significantly lower probability to invest in stocks. 16 The respective figures for 2009 are 3:49 (men) and 4:57 (women), i.e.…”

Section: Professional Sportssupporting

confidence: 81%

Gender differences in competitiveness: Empirical evidence from professional distance running

Frick

2011

Labour Economics

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Section: Professional Sportssupporting

confidence: 81%

Gender differences in competitiveness: Empirical evidence from professional distance running

Frick

2011

Labour Economics

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“…A large experimental literature that compares how men and women value risky gambles or choose between gambles, documents systematic differences in risk preferences, with women being more risk-averse than men (see Croson and Gneezy (2009) and Eckel and Grossman (2008) for an extensive review of this literature). Higher risk-aversion of women is also reflected in financial decisions (Barber and Odean, 2001;Sapienza et al, 2009;Neelakantan, 2010), decisions made by financial professionals (Dwyer et al, 2002;Beckmann and Menkhoff, 2008) and even by top executives (Bandiera et al, 2015;Belenzon et al, 2016;Faccio et al, 2016). Higher risk-aversion of women is often explained by their relatively lower overconfidence (Lundeberg et al, 1994;Barber and Odean, 2001).…”

Section: H1mentioning

confidence: 99%

Firm Efficiency, Foreign Ownership and CEO Gender in Corrupt Environments

Hanousek¹,

Shamshur²,

Trešl³

2017

SSRN Journal

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We study the effects of corruption on firm efficiency using a unique dataset of private firms from 14 Central and Eastern European countries from 2000 to 2013. We find that an environment characterized by a high level of corruption has an adverse effect on firm efficiency. This effect is stronger for firms with a lower propensity to behave corruptly, such as foreign-controlled firms and firms managed by female CEOs, while local firms and firms with male CEOs are not disadvantaged. We also find that an environment characterized by considerable heterogeneity in the perception of corruption is associated with an increase in firm efficiency. This effect is particularly strong for foreign-controlled firms from low corruption countries, while no effect is observed for firms managed by a female CEO.

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“…To date, researchers report that women are, in general, more risk averse (Bajtelsmit and Bernasek, 1996; Bajtelsmit and VanderHei, 1997; Bajtelsmit et al, 1999; Grable, 2000; Hallahan et al, 2004; Faff et al, 2008; Neelakantan, 2010); this has also been confirmed in a meta-analysis of over 150 studies conducted by Byrnes et al (1999). The results pointed to a greater overall propensity of men than women to take various types of risk (e.g., the use of drugs, smoking cigarettes, drinking alcohol, risky sexual behaviors, the way of driving the car and many others).…”

Section: Introductionmentioning

confidence: 99%

The Influence of Different Social Roles Activation on Women’s Financial and Consumer Choices

2016

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In recent times, the changes occurring in the social role of women and men have been observed. Traditionally, the dominating social role of the woman was as housewife, and that of the man was focused on work and family maintenance. Nowadays, the social role of women is evolving in the direction of taking a profession, while increasingly men are taking care of the household. The main goal of the studies presented here was to verify how the activation of different social roles (traditional or non-traditional) may be reflected in women’s financial and consumer choices. Three experimental studies were conducted. In the first study (n = 195 females), three different social roles of women – professional (non-traditional), housewife (traditional) and neutral (control) – were activated. The results showed that activating women’s non-traditional social role increased their tendency to invest and decreased their propensity to save money compared to the activation of the traditional or neutral social role. The goal of the second study (n = 196 females) was to check whether, despite there being no differences in the level of consumption in the first study, can any differences be observed in the preference for the type of products chosen for consumption. The results showed that activating the non-traditional social role raised the propensity to spend funds on products and services for individual use and reduced the willingness to buy goods for collective use (shared with other members of the household). The purpose of the third study (n = 90 females) was to examine how different images of women appearing in advertisements may affect women’s judgments of the advertised product. Women who watched the ad with woman in the non-traditional social role estimated the product quality, look, color and price higher that participants exposed to the advertisement presenting the woman in traditional or neutral social role. The present studies give some evidence that the new, non-traditional social role of women that is often presented in the media may affect women’s everyday financial choices and judgments of products.

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Estimation and Impact of Gender Differences in Risk Tolerance

Cited by 94 publications

References 15 publications

Gender differences in competitiveness: Empirical evidence from professional distance running

Gender differences in competitiveness: Empirical evidence from professional distance running

Firm Efficiency, Foreign Ownership and CEO Gender in Corrupt Environments

The Influence of Different Social Roles Activation on Women’s Financial and Consumer Choices

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