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Title:Sex matters: Gender differences in a professional setting PDF Logo
Authors:Niessen, Alexandra
Ruenzi, Stefan
Issue Date:2007
Series/Report no.:CFR Working Paper 06-01
Abstract:This paper shows that gender di®erences exist in a professional setting where man-agers have a similar educational background and work experience. Using data from the U.S. mutual fund industry we find that female managers are more risk averse, follow less extreme and more consistent investment styles and trade less than male managers. Although female and male managers do not differ in average performance, female man-agers receive significantly lower inflows. This suggests that they might be stereotyped as less skilled. Furthermore, they mainly work in companies that are large, well established and that are located in less conservative states of the U.S.
Subjects:Gender Di®erences
Mutual Funds
Risk Aversion
Document Type:Working Paper
Appears in Collections:CFR Working Papers, Centre for Financial Research (CFR), Universität Köln

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