Title

Women's 'Problems' with Finance and Investment - A Result of Gender Differences in Information Processing?

Document Type

Conference Proceeding

Faculty

Faculty of Business and Public Management

School

School of Accounting, Finance and Business Economics

RAS ID

931

Comments

Clark-Murphy, M., & Gerrans, P. (2002). Women's' problems' with finance and investment-a result of gender differences in information processing? In reimagining, the Proceedings of the 11th International Women in Leadership Conference. Perth, WA: Edith Cowan University.

Abstract

This paper brings together two different literatures and links them using findings from a major survey of Australian superannuation fund members. Literature on information processing suggests that men and women have significantly different styles both of searching for information and of processing that information once found. Literature on investment decision-making suggests that women tend to be more risk-averse than men and less confident in the decisions they make. A survey of choices made by 2500 members of an employer-sponsored superannuation fund for Australian university employees supports the existence of gender differences in information used in making the decision, in the risk profile of choices made and in concerns experienced about the decision.

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