Vers un nouveau genre de finance ?

In this article, we review gender studies in finance. Based on an original analysis of a French household survey (Insee-Pater survey), we first document differences across gender in preferences and behaviors in finance. We then examine the consequences of these differences in terms of saving and por...

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Main Authors: Gunther Capelle-Blancard, Jézabel Couppey-Soubeyran, Antoine Rebérioux
Format: Article
Language:English
Published: Association Recherche & Régulation 2019-07-01
Series:Revue de la Régulation
Subjects:
Online Access:https://journals.openedition.org/regulation/14632
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author Gunther Capelle-Blancard
Jézabel Couppey-Soubeyran
Antoine Rebérioux
author_facet Gunther Capelle-Blancard
Jézabel Couppey-Soubeyran
Antoine Rebérioux
author_sort Gunther Capelle-Blancard
collection DOAJ
description In this article, we review gender studies in finance. Based on an original analysis of a French household survey (Insee-Pater survey), we first document differences across gender in preferences and behaviors in finance. We then examine the consequences of these differences in terms of saving and portfolio choices, regarding the use of banking and financial services, decisions made by agents in the banking and financial industry, corporate governance and, finally, regarding teaching and research practices by academics in finance. We highlight five main findings. (i) The Pater survey supports the existence of differences across gender in preferences and behavior; (ii) these differences are to a large extent driven by the fact that people unconsciously cling to gender-type stereotypes; (iii) whatever their causes, these differences result in rather negative outcomes for women in terms of portfolio choices and credit access; (iv) these differences are highly dependent on the context and individual past experience, including education in finance; (v) the literature has not so far produced convincing evidence of a “female-style” of leadership when women succeed in breaking the glass ceiling for top positions in the financial or non-financial sectors, and in firms, regulatory bodies or academia. 
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record_format Article
series Revue de la Régulation
spelling doaj-art-4d31691e36d54001a2b2f69a7a11898c2025-01-30T14:26:39ZengAssociation Recherche & RégulationRevue de la Régulation1957-77962019-07-012510.4000/regulation.14632Vers un nouveau genre de finance ?Gunther Capelle-BlancardJézabel Couppey-SoubeyranAntoine RebériouxIn this article, we review gender studies in finance. Based on an original analysis of a French household survey (Insee-Pater survey), we first document differences across gender in preferences and behaviors in finance. We then examine the consequences of these differences in terms of saving and portfolio choices, regarding the use of banking and financial services, decisions made by agents in the banking and financial industry, corporate governance and, finally, regarding teaching and research practices by academics in finance. We highlight five main findings. (i) The Pater survey supports the existence of differences across gender in preferences and behavior; (ii) these differences are to a large extent driven by the fact that people unconsciously cling to gender-type stereotypes; (iii) whatever their causes, these differences result in rather negative outcomes for women in terms of portfolio choices and credit access; (iv) these differences are highly dependent on the context and individual past experience, including education in finance; (v) the literature has not so far produced convincing evidence of a “female-style” of leadership when women succeed in breaking the glass ceiling for top positions in the financial or non-financial sectors, and in firms, regulatory bodies or academia. https://journals.openedition.org/regulation/14632corporate governancegender studiesbehavioral financefinancial educationsustainable financefinancial regulation
spellingShingle Gunther Capelle-Blancard
Jézabel Couppey-Soubeyran
Antoine Rebérioux
Vers un nouveau genre de finance ?
Revue de la Régulation
corporate governance
gender studies
behavioral finance
financial education
sustainable finance
financial regulation
title Vers un nouveau genre de finance ?
title_full Vers un nouveau genre de finance ?
title_fullStr Vers un nouveau genre de finance ?
title_full_unstemmed Vers un nouveau genre de finance ?
title_short Vers un nouveau genre de finance ?
title_sort vers un nouveau genre de finance
topic corporate governance
gender studies
behavioral finance
financial education
sustainable finance
financial regulation
url https://journals.openedition.org/regulation/14632
work_keys_str_mv AT gunthercapelleblancard versunnouveaugenredefinance
AT jezabelcouppeysoubeyran versunnouveaugenredefinance
AT antoinereberioux versunnouveaugenredefinance