Gender matters most. The impact on short-term risk aversion following a financial crash

Byder, J; Agudelo, DA; Arango, Ivan Dario

Gender matters most. The impact on short-term risk aversion following a financial crash

Fecha

2019-01-01

Autores

Byder, J

Agudelo, DA

Arango, Ivan Dario

ISSN de la revista

1873-5924
10583300

Editor

Elsevier BV

Resumen

This paper examines how investors in an emerging market react to a domestic financial crisis. We conjecture that risk aversion increases following such events and that the effect is more pronounced among specific groups of investors. Our study makes use of a unique dataset of mutual fund investors from one of Colombia's largest stock brokers. Our results reveal that women and self-employed individuals make the largest withdrawals from risky funds after financial crises.