The Impact of Mutual Fund Manager Gender on Investor Capital Allocations

Simple item page
dc.contributor.advisorJules H. van Binsbergen
dc.contributor.authorBorowski, Natalie
dc.date2023-05-17T18:07:30.000
dc.date.accessioned2023-05-22T23:10:30Z
dc.date.available2023-05-22T23:10:30Z
dc.date.issued2017-01-01
dc.date.submitted2017-09-14T10:22:03-07:00
dc.description.abstractThis study aims to understand whether the gender of mutual fund managers impacts investors’ capital allocation decisions to US mutual funds. This study uses net alpha as an indication of proper capital allocation, as higher net alpha indicates not enough capital, and uses value added (gross alpha multiplied by fund size) as an indication of skill, as higher value added indicates higher skill given that capital is allocated properly (Berk and van Binsbergen 2015). This research utilized the Morningstar database to gather information on 5,000 US mutual funds to compare net alpha and value added between male funds and female funds. The present research found that female managers have statistically significantly higher net alpha and higher value added, compared to male managers, likely indicating that females are not allocated enough capital but have higher skill, as they are able to extract high value added even without proper capital allocation.
dc.identifier.urihttps://repository.upenn.edu/handle/20.500.14332/37857
dc.legacy.articleid1025
dc.legacy.fulltexturlhttps://repository.upenn.edu/cgi/viewcontent.cgi?article=1025&context=joseph_wharton_scholars&unstamped=1
dc.source.issue30
dc.source.journalJoseph Wharton Scholars
dc.source.statuspublished
dc.subject.otherGender
dc.subject.otherMutual Fund
dc.subject.otherSkill
dc.subject.otherCapital Allocation
dc.subject.otherBusiness
dc.titleThe Impact of Mutual Fund Manager Gender on Investor Capital Allocations
dc.typeDissertation/Thesis
digcom.contributor.authorBorowski, Natalie
digcom.identifierjoseph_wharton_scholars/30
digcom.identifier.contextkey10746095
digcom.identifier.submissionpathjoseph_wharton_scholars/30
digcom.typethesis
dspace.entity.typePublication
upenn.schoolDepartmentCenterJoseph Wharton Scholars
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
borowskinatalie_4214866_64159711_WH399_Honors_Thesis_Final.pdf
Size:
368.74 KB
Format:
Adobe Portable Document Format
Download
Collection
Dissertations and Theses