outbrain
Close  

Male venture capitalists more gender-equal when they have more daughters — study

/ 07:48 PM June 06, 2017

Image: INQUIRER.net stock photo

Researchers have found that when men have daughters, they tend to make business decisions that begin to level the playing field for women.

Sophie Wang, an economics PhD student at Harvard, and Paul Gompers, a professor at Harvard Business School, surveyed venture capitalist-backed start-ups to find out genders of senior partners’ children, reports Huffington Post.

ADVERTISEMENT

Among 1,400 investors, they found that male VCs with more daughters than sons were more likely to hire a woman investor by 24 percent.

Within the firms of those VCs with more daughters, 12 percent of new hires were women, compared to nine percent for VCs with more sons than daughters.

FEATURED STORIES

The firms with gender diversity were also profitable, raking in investment returns that increased at an average of three percent, and improved “deal and fund performances.”

The findings are striking considering that the VC industry is male-dominated. It is also a small but powerful world as it contributes billions of dollars into tech start-ups. According to the researchers, 75 percent of firms have never had a female partner.

Gompers has three daughters himself. “Watching their struggles and issues, especially my 25-year-old who is working in a venture-backed enterprise software company in New York City has created insights that are certainly dependent upon having daughters,” he said in the report.

It appears that breaking gender barriers is a matter of exposure, especially for men. “The more exposure we have to others who are different from us, the more we become debiased,” he explained. The paper was published in the National Bureau of Economic Research website. Niña V. Guno/JB

RELATED STORIES:

Women in PH eager to start a business

Women rising in high-tech world

ADVERTISEMENT

Why financing women entrepreneurs can turn around economy

More women executives in PH, Asia Pacific, but…

TOPICS: gender bias, gender discrimination, Gender Equality, Research, Venture capitalists
Read Next
EDITORS' PICK
MOST READ
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

For feedback, complaints, or inquiries, contact us.


© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.