The Origins and Real Effects of the Gender Gap

UNIVERSITY OF TECHNOLOGY SYDNEY
Finance Department
Research Seminars in Finance

Topic: The Origins and Real Effects of the Gender Gap: Evidence from CEOs’ Formative Years

Speaker: Denis Sosyura, Arizona State University

Abstract:      

CEOs allocate more investment capital to male than female division managers. Using data from individual Census records, we find that this gender gap is driven by CEOs who grew up in male-dominated families— those where the father was the only income earner and had more education than the mother. The gender gap also increases for CEOs who attended all-male high schools and grew up in neighborhoods with greater gender inequality. The effect of gender on capital budgeting introduces frictions and erodes investment efficiency. Overall, the gender gap originates in CEO preferences developed during formative years and produces significant real effects.

Date: Wednesday, 6th March 2019     

Time: 12.00 – 1.00 p.m.

Venue: University of Technology Sydney
             Building 8, Room 8.002, Dr Chau Chak Wing Building
             Dr Chau Chak Wing Building
             14 - 28 Ultimo Road, Ultimo

Co-ordinator: Kris Glover  (Ph: +61 2 9514 7778)

Enquiries: Duncan Ford (Ph: +61 2 9514 7714)

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Acknowledgement of Country

UTS acknowledges the Gadigal people of the Eora Nation, the Boorooberongal people of the Dharug Nation, the Bidiagal people and the Gamaygal people, upon whose ancestral lands our university stands. We would also like to pay respect to the Elders both past and present, acknowledging them as the traditional custodians of knowledge for these lands.