Do Female Mutual Fund Managers Manage Differently?

Posted: 13 Nov 2001  

Stanley M. Atkinson

University of Central Florida - College of Business Administration

Samantha Boyce Baird

University of Central Florida - College of Business Administration

Melissa B. Frye

University of Central Florida - College of Business Administration

Abstract

We examine the performance and investment behavior of female fixed-income mutual fund managers compared with male fixed-income mutual fund managers. We find that male- and female-managed funds do not differ significantly in terms of performance, risk, and other fund characteristics. Our results suggest that differences in investment behavior often attributed to gender may be related to investment knowledge and wealth constraints. Despite the similarities between male and female managers, we find evidence that gender influences the decision-making of mutual fund investors. We find that the net asset flows into funds managed by females are lower than for males, especially for the manager's initial year managing the fund.

JEL Classification: G23

Suggested Citation

Atkinson, Stanley M. and Baird, Samantha Boyce and Frye, Melissa B., Do Female Mutual Fund Managers Manage Differently?. Journal of Financial Research, Forthcoming. Available at SSRN: https://ssrn.com/abstract=287672

Stanley M. Atkinson

University of Central Florida - College of Business Administration ( email )

PO Box 161400
Dept. of Finance
Orlando, FL 32816
United States

Samantha Boyce Baird

University of Central Florida - College of Business Administration ( email )

PO Box 161400
Dept. of Finance
Orlando, FL 32816
United States

Melissa Frye (Contact Author)

University of Central Florida - College of Business Administration ( email )

P.O. Box 161400
Department of Finance
Orlando, FL 32816
United States
407-823-3097 (Phone)

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