This article tests the Lehman Sisters Hypothesis in two complementary, although incomplete ways. It reviews the diverse empirical literature in behavioural, experimental, and neuroeconomics as well as related fields of behavioural research. And it presents the findings from an explorative survey among Dutch financial professionals. The conclusion is that both methods find support for the Lehman Sisters Hypothesis. It shows that gender stereotypes are still influential, constraining women to achieve top positions in banking. At the same time, the analysis indicates that women perform better than men in finance and that female leaders have more balanced management skills than men and are rated as better leaders. This would plea for having more rather than less women at the top of the financial sector.

Additional Metadata
Keywords finance, financial crisis, gender, risk
Publisher Erasmus University Rotterdam
Persistent URL hdl.handle.net/1765/32567
Series ISS Working Papers - General Series
Journal ISS Working Paper Series / General Series
Citation
van Staveren, I.P. (2012). The Lehman Sisters Hypothesis: an exploration of literature and bankers (No. 545). ISS Working Paper Series / General Series (Vol. 545, pp. 1–25). Erasmus University Rotterdam. Retrieved from http://hdl.handle.net/1765/32567