Diversity, Inclusion, and the Dissemination of Ideas: Evidence from the Academic Finance Profession

31 Pages Posted: 23 Jan 2021

See all articles by Renee B. Adams

Renee B. Adams

University of Oxford; ABFER

Michelle Lowry

Drexel University; European Corporate Governance Institute (ECGI)

Date Written: January 21, 2021


We propose to examine how diversity relates to variation in career outcomes within a single occupation: the occupation of a finance academic. With the support of the American Finance Association (AFA), we surveyed current and recent past members of the AFA on the professional climate in the field of finance. Responses shed light on issues related to workplace culture, diversity, bias, and expectations. By linking these responses to self‐reported data on career outcomes, we highlight the importance of: selection, the structure of work, and implicit or explicit biases. We seek to understand how these factors relate to differences in career paths within finance. We highlight that the consequences of an absence of inclusiveness extend beyond the personal to the field as a whole. Finally, we also provide evidence on the ways the COVID‐19 pandemic has influenced these issues.

Keywords: diversity, survey, academics

JEL Classification: A1, G00, J00, M14

Suggested Citation

Adams, Renée B. and Lowry, Michelle B., Diversity, Inclusion, and the Dissemination of Ideas: Evidence from the Academic Finance Profession (January 21, 2021). Available at SSRN: https://ssrn.com/abstract=3770813 or http://dx.doi.org/10.2139/ssrn.3770813

Renée B. Adams

University of Oxford ( email )

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Michelle B. Lowry (Contact Author)

Drexel University ( email )

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United States
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European Corporate Governance Institute (ECGI) ( email )

c/o the Royal Academies of Belgium
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