Gender and mutual fund liquidity

Sehrish, Saba ORCID: https://orcid.org/0000-0001-9443-2450, Naeem, Muhammad Abubakr, Karim, Sitara and Yarovaya, Larisa (2024) Gender and mutual fund liquidity. British Journal of Management, 35 (2). pp. 729-749. ISSN 1045-3172

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Abstract

We examine whether US mutual funds managed by females have a higher portfolio liquidity than those of their male counterparts. Single female managers’ holdings are 8–25% more liquid than those of single-male-managed funds. When there is a transition from a male to a female manager, fund holdings liquidity increases compared with a male to male transition. The findings are consistent with the risk-averse and conservative decision-making behaviour of female managers. We do not find evidence to support the excessive trading hypothesis that predicts a higher portfolio liquidity for overconfident male fund managers. Our findings add to growing evidence that gender affects professionals’ investment choices.

Item Type: Article
Uncontrolled Keywords: business, management and accounting(all),strategy and management,management of technology and innovation,sdg 5 - gender equality ,/dk/atira/pure/subjectarea/asjc/1400
Faculty \ School: Faculty of Social Sciences > Norwich Business School
Related URLs:
Depositing User: LivePure Connector
Date Deposited: 05 Dec 2023 02:36
Last Modified: 20 Nov 2024 01:41
URI: https://ueaeprints.uea.ac.uk/id/eprint/93863
DOI: 10.1111/1467-8551.12727

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