Arbeitspapier

Do women manage smaller funds?

Based on a sample of 467 asset managers from four countries we robustly find that women manage smaller funds than men, despite tough competition in this industry. Interestingly, the gender gap exists only for managers of smaller funds, i.e. at the lower end of the hierarchy, as quantile regressions show. This is inconsistent with the glass ceiling hypothesis. Going further, this gender gap is limited to large firms. Explanations may refer to large firms using market power in the area of smaller funds or to visibility among top asset managers protecting against unequal treatment of the sexes.

Sprache
Englisch

Erschienen in
Series: IZA Discussion Papers ; No. 4771

Klassifikation
Wirtschaft
Economics of Gender; Non-labor Discrimination
Professional Labor Markets; Occupational Licensing
Pension Funds; Non-bank Financial Institutions; Financial Instruments; Institutional Investors
Thema
Asset managers
gender
qualification
segregation
attitudes
Investmentfonds
Weibliche Führungskräfte
Geschlechterdiskriminierung
USA
Deutschland
Schweiz
Italien

Ereignis
Geistige Schöpfung
(wer)
Hübler, Olaf
Menkhoff, Lukas
Ereignis
Veröffentlichung
(wer)
Institute for the Study of Labor (IZA)
(wo)
Bonn
(wann)
2010

Handle
Letzte Aktualisierung
10.03.2025, 11:43 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
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Objekttyp

  • Arbeitspapier

Beteiligte

  • Hübler, Olaf
  • Menkhoff, Lukas
  • Institute for the Study of Labor (IZA)

Entstanden

  • 2010

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