Benefits of Having a Female CFO

By |May 9th, 2022|Research Insights, Women in Finance Know Stuff, Basilico and Johnsen, Academic Research Insight, Machine Learning|

We examine gender differences in the language of CFOs who participate in quarterly earnings calls. Female executives are more concise and less optimistic, are clearer, use fewer idioms or clichés, and provide more numbers in their speech. These differences are particularly strong in the more spontaneous Questions and Answers (QA) section of the calls and are reflected in stronger market and analyst reactions. Gender differences seem to be associated with CFO overconfidence.

What Percentage of Women Serve in Senior Investment Roles?

By |March 22nd, 2022|ESG, Research Insights, Women in Finance Know Stuff, Basilico and Johnsen, Academic Research Insight, Other Insights, Corporate Governance|

There is a “Pink” elephant in the room. The paucity of women in the key investment and decisión-making roles in finance is that “pink” elephant. While women are represented at 33%, 37%, and 63% in the law, medical, and accounting professions, respectively (Morningstar 2016), the percentage of female investment decision-makers in investment pales in comparison at less than 10%. And it gets worse if we look at sub-sectors. Take private equity, it’s 6% (Lietz, 2011), hedge funds at 3% (Soloway, 2011), or investment banking documented in this scorecard, at a global median of 0%.

Female Representation in the Academic Finance Profession

By |January 31st, 2022|Research Insights, Women in Finance Know Stuff, Basilico and Johnsen, Academic Research Insight|

To date, there is no large-sample empirical evidence on gender balance and career outcomes in academic finance. Though we have looked into and observed where are the women in finance and women in the C-Suite. This paper specifically looks to proved insight into the statistics of female representation in the academic arena of finance.

What percentage of COO/CCO/CTOs in Finance are Women?

By |December 17th, 2021|Research Insights, Women in Finance Know Stuff, Basilico and Johnsen, Academic Research Insight|

This is the second article in a series on women in leadership roles. To dig deeper into where women are in finance we analyzed 36,499 functional positions for the COO, CCO, and CTO roles in 29 countries, including 25 developed markets and Brazil, Russia, India, China (the “BRICs”). All public and private firms in the finance industry were included regardless of market capitalization or other characteristics.

Battle of the Sexes, Who’s Better at Fudging the Numbers?

By |January 19th, 2021|Research Insights, Women in Finance Know Stuff, Basilico and Johnsen, Academic Research Insight, Investment Advisor Education, Machine Learning|

CFO Gender and Financial Statement Irregularities V.K.Gupta, S. Mortal, B. Chakrabarty, X. Guo, D. B. TurbanAcademy of Management Journal, 2019A version of this paper can be found hereWant to read our summaries of academic finance papers? [...]

Tactical Asset Allocation Insights via the Geeks from Thinknewfound

By |February 16th, 2017|Trend Following, Interviews, Tactical Asset Allocation Research|

How do we identify who is a flash in the pan blogger versus the next Michael Kitces, Josh Brown, or Ben Carlson? We've tried to do our part and help to promote and share research from up and coming "undiscovered" bloggers/writers out there. In our early days, we were helped by long-time bloggers such as Meb Faber and Tadas Viskanta, so we try and return the favor. Recent examples of up and coming guest writers we've highlighted include Dan Sotiroff (now heading to Morningstar!), Aaron Brask, Andrew Miller, Elisabetta Basilico, and Dan Grioli -- all of whom have written interesting and insightful pieces!

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