Gender & Finance presented at the European Economic Association Meeting
Gender & Finance recently participated to the EEA 2019 conference. The conference took place in Manchester from August 26 2019 to August 30 2019. Gender & Finance Co-founder and Professor Estefania Santacreu-Vasut presented experimental research on the stock market reaction to CEO appointments as function of gender.
Groups, Leadership and Gender
Estefania Santacreu-Vasut chaired the session on “Groups, Leadership and Gender”.
The session included both theoretical and empirical components, including experiments that specifically looked at the gender component of leadership.
During the session we presented our paper Stock Market Reaction to Female CEO Appointments: Is the Market Gendered? which is based on a lab experiment.
The role of aspirations
At the conference, several invited sessions related to gender took place. They were excellent, and we learned a lot. For instance, Professor Ghazala Azmat (Sciences Po Paris) presented her paper “Gender Promotion Gaps: Career Aspirations and Early Workplace Experiences”. She documents a gender promotion gap in the legal sector of 13% after 10 years of experience. What explains it? Professor Azmat found that 50 % of the gender gap in partner promotion is attributed to the role of “aspirations”, which include preferences and expectations.
The impact of quotas
Professor Andrea Weber (Central European University) presented her very interesting paper “Female Leadership and Gender Gap withi n Firms: Evidence from anItalian Board Reform” co-authored with Professor Agata Maida. In their work the authors study whether gender quotas work. They find little evidence of spillovers of quotas on female career progression and gender representation in leadership positions within organizations.
Future work
Regarding our paper, we were proud to receive very positive feedback from session participants. Furthermore, we received interest in collaboration in the German environment. Indeed, it would be interesting to undertake our experiments in different cultural environments.
Slides
Contact us for more information or for research collaborations! And check our presentation slides!
Prof. François Longin and Prof. Santacreu-Vasut
ESSEC Business School