Women's 'Problems' with Finance and Investment - A Result of Gender Differences in Information Processing?
Faculty of Business and Public Management
School of Accounting, Finance and Business Economics
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.