Female Representation in the Academic Finance Profession

87 Pages Posted: 24 Aug 2019 Last revised: 23 Feb 2020

See all articles by Mila Getmansky Sherman

Mila Getmansky Sherman

University of Massachusetts at Amherst - Eugene M. Isenberg School of Management - Department of Finance

Heather Tookes

Yale University - Yale School of Management; Yale University - International Center for Finance

Date Written: February 20, 2020

Abstract

We present new data on female representation in the academic finance profession. In our sample of finance faculty from the top-100 U.S. business schools during 2009–2017, only 16.0% are women. The gender imbalance manifests itself in at least three important ways. First, after controlling for research productivity, we find that women have less favorable career outcomes than men. They tend to have positions at lower-ranked institutions, are less likely to be tenured, and are paid less than men during the 2009-2017 sample period. Second, women tend to publish fewer papers than men. Third, women tend to have more female coauthors, which suggests smaller publication networks. However, time-series analysis suggests disappearing gender gaps in recent years.

Keywords: Tenure; Gender; Salary; Academic Finance Profession

JEL Classification: I23; J16; J24; J44

Suggested Citation

Getmansky Sherman, Mila and Tookes, Heather, Female Representation in the Academic Finance Profession (February 20, 2020). Available at SSRN: https://ssrn.com/abstract=3438653 or http://dx.doi.org/10.2139/ssrn.3438653

Mila Getmansky Sherman (Contact Author)

University of Massachusetts at Amherst - Eugene M. Isenberg School of Management - Department of Finance ( email )

Amherst, MA 01003-4910
United States

Heather Tookes

Yale University - Yale School of Management ( email )

135 Prospect Street
P.O. Box 208200
New Haven, CT 06520-8200
United States

Yale University - International Center for Finance ( email )

Box 208200
New Haven, CT 06520
United States

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