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SUMMARY:Is Gender in the Pocket of Investors? Identifying Gender Bias Towa
 rds CEOs with a Lab Experiment
DTSTART:20201204T103000
DTEND:20201204T120000
DTSTAMP:20260916T203827Z
UID:490a6806672e8522b472a58ead5dd53a831cfbcf9290b6f4a7369530
CATEGORIES:Conferences - Seminars
DESCRIPTION:Estefania SANTACREU-VASUT\, ESSEC Paris\nWe build a trading e
 xperiment to causally identify gender bias towards newly appointed CEOs. W
 e distinguish between gender stereotypes and in-group favoritism / out-gro
 up discrimination as theoretical sources of gender bias. When a female CEO
  is appointed\, we find that female participants buy stocks\, while male p
 articipants sell stocks. The opposite holds when a male CEO is appointed. 
 For male traders\, our results are consistent with both stereotypes and in
 -group bias. For female traders\, we are able to identify evidence of in-g
 roup favoritism towards female CEOs that dominates the potential effect of
  their gender stereotypes towards female CEOs. These gender biases combine
 d with the lack of gender diversity in the stock market can explain both t
 he negative stock market reaction to female CEO appointments and the under
 representation of female CEOs. These results suggest that the stock market
  is ‘gendered’ and constitutes a glass ceiling barrier for female reac
 hing CEO positions.\n 
LOCATION:UNIL\, Extranef\, room 126
STATUS:CONFIRMED
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