Egan, Mark L.; Matvos, Gregor; Seru, Amit - 2018
We examine gender differences in misconduct punishment in the financial advisory industry. We find evidence of a … “gender punishment gap”: following an incident of misconduct, female advisers are 20% more likely to lose their jobs and 30 … is 20% less costly and having a substantially lower propensity towards repeat offenses. The gender punishment gap in …