Women in Finance Know Stuff

Female execs bring more accuracy to analysts’ earnings forecasts

By |July 24th, 2023|ESG, Research Insights, Women in Finance Know Stuff, Basilico and Johnsen, Academic Research Insight, Behavioral Finance|

The results of this research extend the literature in a number of areas including: the analyst forecast literature; the literature on behavioral accounting and finance with respect to corporate decision-making all in the context of gender; and the dominant role of the CEO on information transparency.

Benefits of Having a Female CFO

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

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