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Social Sciences x Financial Institutions and Services x Labour Discrimination x clear all

Fit to be king: how patrimonialism on Wall Street leads to inequality

Megan Tobias Neely.

in Socio-Economic Review

April 2018; p ublished online April 2018 .

Journal Article. Subjects: Investment Banking; Particular Labour Markets; Mobility, Unemployment, and Vacancies; Labour Discrimination. 10516 words.

Abstract

The hedge fund industry is one of the most lucrative and powerful industries in the USA, yet it mostly comprises white men. To understand why, I turn...

What's in a Name? Mutual Fund Flows When Managers Have Foreign-Sounding Names

Alok Kumar, Alexandra Niessen-Ruenzi and Oliver G. Spalt.

in The Review of Financial Studies

August 2015; p ublished online February 2015 .

Journal Article. Subjects: Financial Institutions and Services; Labour Discrimination. 17872 words.

We show that name-induced stereotypes affect the investment choices of U.S. mutual fund investors. Managers with foreign-sounding names have about 10% lower annual fund flows, and this...