Peer-reviewed
How does gender really affect investment behavior?
In this paper we study gender differences in investment behavior. By making use of a dedicated proprietary dataset including 2374 clients of an Italian bank we show that, after controlling for socio-demographic and economic variables, gender still explains many differences in the investment decision process, risk preferences and portfolio characteristics, thus suggesting a role of gender in the investment behavior. However, no difference is revealed in the portfolio liquidity and diversification, meaning that gender does not affect the quality of portfolios
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