Female Representation in the Academic Finance Profession

84 Pages Posted: 24 Aug 2019

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: August 22, 2019

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 15.8% are women. The analysis suggests three factors that explain the gender imbalance. First, after controlling for productivity, we find that women tend to have positions at lower-ranked institutions, are less likely to be tenured, and are paid approximately 4% 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 (August 22, 2019). 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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