{"id":15,"date":"2021-01-20T15:11:00","date_gmt":"2021-01-20T15:11:00","guid":{"rendered":"https:\/\/genderfinance.net\/?p=15"},"modified":"2025-02-12T10:51:44","modified_gmt":"2025-02-12T08:51:44","slug":"gender-finance-at-hec-lausanne-2","status":"publish","type":"post","link":"https:\/\/genderfinance.net\/?p=15","title":{"rendered":"Gender &amp; Finance at HEC Lausanne"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\">Gender &amp; Finance presented at the Department of Finance at the University of Lausanne and the Swiss Finance Institute at EPFL<\/h1>\n\n\n\n<figure class=\\\"alignright\\\"><a href=\\\"http:\/\/www.essec.edu\/en\/staff\/faculty\/francois-longin\\\" target=\\\"_blank\\\" rel=\\\"noreferrer noopener\\\"><img src=\\\"https:\/\/genderfinance.net\/wp-content\/uploads\/\/2021\/06\/img_Photo_Gender_finance_Francois_Longin.png\\\" alt=\\\"Prof. Fran\u00e7ois Longin ESSEC Business School\\\" width=\\\"130\\\" height=\\\"162\\\"><\/a>&nbsp;<a href=\\\"http:\/\/www.essec.edu\/en\/staff\/faculty\/estefania-santacreu-vasut\\\" target=\\\"_blank\\\" rel=\\\"noreferrer noopener\\\"><img src=\\\"https:\/\/genderfinance.net\/wp-content\/uploads\/2021\/06\/img_Photo_Gender_finance_Estefania_Santacreu_Vasut.png\\\" alt=\\\"\\\" class=\\\"wp-image-17\\\"><\/a><\/figure>\n\n\n\n<p class=\\\"wp-block-image size-large\\\">Gender &amp; Finance recently presented its research at the research seminar in finance of the <strong>University of Lausanne and the Swiss Finance Institute at EPFL<\/strong>: <a rel=\\\"noreferrer noopener\\\" href=\\\"https:\/\/papers.ssrn.com\/sol3\/papers.cfm?abstract_id=3370078\\\" target=\\\"_blank\\\">Is Gender in the Pocket of Investors? Identifying Gender Homophily Towards CEOs in a Lab Experiment<\/a> on December 4th 2020. The presentation took place online due to COVID-19 travel restrictions. Gender &amp; Finance Co-founder and Associate Professor Estefania Santacreu-Vasut presented experimental research on the stock market reaction to CEO appointments as function of gender.<\/p>\n\n\n\n<figure class=\\\"wp-block-image size-full\\\"><img src=\\\"https:\/\/genderfinance.net\/wp-content\/uploads\/2022\/08\/Capture-de\u0301cran-2022-08-26-a\u0300-09.43.27.png\\\" alt=\\\"\\\" class=\\\"wp-image-824\\\" \/><\/figure>\n\n\n\n<p>We received interesting feedback from PhD students and Professors.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Three stylized facts<\/h2>\n\n\n\n<p>At the seminar, we motivated our research with three stylized facts:<\/p>\n\n\n\n<p>Fact #1: Women are under-represented in CEO positions.<\/p>\n\n\n\n<p>Fact #2: Stock markets in the US react more negatively to the appointment of a female CEO than to that of male CEO.<\/p>\n\n\n\n<p>Fact #3: Women are under-represented also in finance related educational and professional arenas.<\/p>\n\n\n\n<p>We presented how our research can provide a unified explanation of the three stylized facts.<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>To do so, we unify three theoretical explanations: <strong>gender stereotypes, double standards and in-group biases.<\/strong><\/li><li>We build a trading experiment to study how individual investors react to CEO appointments<\/li><li>We causally identify the role of investors preferences and quantify the role of investors\u2019 gender diversity on the aggregate stock market reaction<\/li><li>In short, we find evidence of gender homophily among investors which can rationalize the relation between facts #1, #2 and #3<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Slides<\/h2>\n\n\n\n<p>Contact us for more information or for research collaborations! And check our presentation slides!<\/p>\n\n\n\n<div style=\\\"text-align: center\\\"><figure class=\\\"wp-block-image\\\"><a class=\\\"\\\" href=\\\"https:\/\/genderfinance.net\/wp-content\/uploads\/2021\/01\/Slides_HEC_Lausanne.pdf\\\" target=\\\"_blank\\\" rel=\\\"noreferrer noopener\\\"><img src=\\\"https:\/\/genderfinance.net\/wp-content\/uploads\/2021\/06\/btn_Gender_finance_Presentation.png\\\" alt=\\\"Presentation on gender and finance\\\" width=\\\"267\\\" height=\\\"57\\\"><\/a><\/figure><\/div><br>\n\n\n\n<p><a rel=\\\"noreferrer noopener\\\" href=\\\"http:\/\/www.essec.edu\/en\/staff\/faculty\/francois-longin\\\" target=\\\"_blank\\\">Prof. Fran\u00e7ois Longin<\/a> and <a rel=\\\"noreferrer noopener\\\" href=\\\"http:\/\/www.essec.edu\/en\/staff\/faculty\/estefania-santacreu-vasut\\\" target=\\\"_blank\\\">Prof. Santacreu-Vasut<\/a><br>ESSEC Business School<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gender &amp; Finance presented at the Department of Finance at the University of Lausanne and the Swiss Finance Institute at EPFL &nbsp; Gender &amp; Finance recently presented its research at the research seminar in finance of the University of Lausanne and the Swiss Finance Institute at EPFL: Is Gender in the Pocket of Investors? Identifying [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-15","post","type-post","status-publish","format-standard","hentry","category-events"],"_links":{"self":[{"href":"https:\/\/genderfinance.net\/index.php?rest_route=\/wp\/v2\/posts\/15","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/genderfinance.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/genderfinance.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/genderfinance.net\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/genderfinance.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15"}],"version-history":[{"count":0,"href":"https:\/\/genderfinance.net\/index.php?rest_route=\/wp\/v2\/posts\/15\/revisions"}],"wp:attachment":[{"href":"https:\/\/genderfinance.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/genderfinance.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/genderfinance.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}