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Would Lehman Sisters Have Done It Differently?: An Empirical Analysis of Gender Differences in Investment Behavior

Author

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  • Nataliya Barasinska

Abstract

This study appraises the role of gender in the behavior of individuals who make risky investments. The analysis bases on real-life investment data collected at an online market for peer-to-peer lending. The aim is to find out whether male and female investors differ in propensity for risk taking and performance of investments. Contrary to most existing studies, I find no evidence for gender differences. Males and females exhibit similar levels of risk propensity and their portfolios perform equally good.

Suggested Citation

  • Nataliya Barasinska, 2010. "Would Lehman Sisters Have Done It Differently?: An Empirical Analysis of Gender Differences in Investment Behavior," Working Paper / FINESS 6.2, DIW Berlin, German Institute for Economic Research.
  • Handle: RePEc:diw:diwfin:diwfin6.2
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    File URL: https://www.diw.de/documents/publikationen/73/diw_01.c.412916.de/diw_finess_06020.pdf
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    Citations

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    Cited by:

    1. Irene van Staveren, 2014. "The Lehman Sisters hypothesis," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 38(5), pages 995-1014.
    2. Dongyu Chen & Xiaolin Li & Fujun Lai, 2017. "Gender discrimination in online peer-to-peer credit lending: evidence from a lending platform in China," Electronic Commerce Research, Springer, vol. 17(4), pages 553-583, December.
    3. van Staveren, I.P., 2012. "The Lehman Sisters Hypothesis: an exploration of literature and bankers," ISS Working Papers - General Series 545, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    4. Dongyu Chen & Xiaolin Li & Fujun Lai, 2023. "Shill bidding in lenders’ eyes? A cross-country study on the influence of large bids in online P2P lending," Electronic Commerce Research, Springer, vol. 23(2), pages 1089-1114, June.
    5. Mary Jane Lenard & E. Anne York & Bing Yu, 2019. "Female Trustees and University Financial Performance," International Journal of Economics and Financial Issues, Econjournals, vol. 9(6), pages 60-66.

    More about this item

    Keywords

    gender; investment decisions; risk propensity; portfolio performance;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • J16 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Gender; Non-labor Discrimination

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