{"id":16019,"date":"2024-09-25T09:16:08","date_gmt":"2024-09-25T07:16:08","guid":{"rendered":"https:\/\/www.uni.lu\/fdef-en\/?post_type=news&#038;p=16019"},"modified":"2024-09-25T09:29:04","modified_gmt":"2024-09-25T07:29:04","slug":"representation-role-models-and-credibility","status":"publish","type":"news","link":"https:\/\/www.uni.lu\/fdef-en\/news\/representation-role-models-and-credibility\/","title":{"rendered":"Representation, role models, and credibility"},"content":{"rendered":"\n<section class=\"wp-block-unilux-blocks-free-section section\"><div class=\"container xl:max-w-screen-xl\">\n<p><strong>An interview with Diane Pierret on her experience as a female academic in the field of finance<\/strong><\/p>\n\n\n\n<p>Diane Pierret, assistant professor within our Department of Finance, has just returned from the 4<sup>th<\/sup> WE_ARE_IN Macroeconomics and Finance Conference organised by the Centre for Economic Policy Research (CEPR) where she participated as a discussant on Elena Carletti, Vasso Ioannidou and coauthors\u2019 paper \u201cCorporate Runs and Credit (Re)allocation\u201d. The two-day academic conference which took place from 16 to 17 September at the Banco de Espa\u00f1a in Madrid, Spain was unique for one surprising reason, all participants were women.<\/p>\n\n\n\n<p>We spoke to Diane about her experience as a female researcher in finance, and why conferences like WE_ARE_IN are an important part of creating a more diverse community.<\/p>\n\n\n\n<p><strong>Why do you think that historically finance has been such a male dominated field ?<\/strong><\/p>\n\n\n\n<p>That\u2019s a very good question and I don\u2019t want to speculate but it\u2019s true that finance is the worst field among the subfields of economics when it comes to gender balance. It could be a first-mover effect, with the earliest researchers coming from the already male-dominated industy-side. It is very rare to see a finance department with even 20% of female professors. Here at the University of Luxembourg, there are three of us and it\u2019s the first time in my career that I\u2019ve been in a department with so many other women. There is also the problem that the female members hold more junior roles, with less decision-making power. This creates barriers to change.&nbsp;<\/p>\n\n\n\n<p>I\u2019m also a member of AFFECT (Academic Female Finance Committee of the American Finance Association) and some of their statistics are quite eye-opening: in 2023, a finance department counts on average 22% of female professors in the U.S. The statistics get worse when looking at top-50 departments (18%), and tenured faculty (12%).<\/p>\n\n\n\n<p><strong>Given the situation that you\u2019ve just described, why are conferences such as WE_ARE_IN so important for female academics in finance?<\/strong><\/p>\n\n\n\n<p>As a woman starting out in the field, I did not have many role models that looked like me. For example, all of my supervisors were male. When I started out as an assistant professor, it took me a while to find my teaching style, my presenting style. It wasn\u2019t enough to just imitate the other (male) professors. In fact, at the beginning I found that as a woman, I needed to put more effort into teaching and showing students why the material was worthwhile. I needed to establish my credibility in ways that male professors didn\u2019t have to. On one occaision, some students came to me and asked me to prove some of the math that I was teaching, just to check if I could do it.<\/p>\n\n\n\n<p>Women need the chance to develop a community outside of their own academic departments. They need to be able to share experiences, like the one I mentioned above, and realise they are not alone in facing such challenges. At female-only conferences, we can find role models, mentors as well as like-minded peers. People that will build you up instead of dismissing you.<\/p>\n\n\n\n<section class=\"wp-block-unilux-blocks-quote-people\">\n    <div class=\"quote-people\" role=\"group\">\n        <figure class=\"quote-people__body\">\n            <blockquote class=\"quote-people__blockquote\">\n    <span class=\"quote-people__quote\">\u201f<\/span>\n    My advice to young female academics: just keep doing <br>research\u201d\n<\/blockquote>\n<div class=\"wp-block-unilux-blocks-wrapper quote-people__visual\"><figure class=\"wp-block-dev4-reusable-blocks-image  object-fit--cover\">\n    \n<img decoding=\"async\" class=\"wp-block-image unilux-custom-image-block\"\n                alt=\"Diane Pierre\"\n            src=\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2024\/09\/Screenshot-2024-09-23-at-11.09.59.png\"\n                srcset=\"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2024\/09\/Screenshot-2024-09-23-at-11.09.59-300x297.png 300w, https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2024\/09\/Screenshot-2024-09-23-at-11.09.59-1024x1014.png 1024w, https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2024\/09\/Screenshot-2024-09-23-at-11.09.59-150x150.png 150w, https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2024\/09\/Screenshot-2024-09-23-at-11.09.59-768x761.png 768w, https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/3\/2024\/09\/Screenshot-2024-09-23-at-11.09.59.png 1032w\"\n                style=\"object-position: 50.00% 50.00%; font-family: &quot;object-fit: cover; object-position: 50.00% 50.00%;&quot;; aspect-ratio: 1\/1; object-fit: cover; width: 100%;\"\n        loading=\"lazy\"\n\/>    <\/figure><\/div>\n\n<div class=\"wp-block-unilux-blocks-wrapper quote-people__figcaption\">\n<p class=\"quote-people__author wp-block-unilux-blocks-plain-text\">Diane Pierret <\/p>\n\n\n<p class=\"quote-people__position wp-block-unilux-blocks-plain-text\">Assistant Professor<\/p>\n\n<div class=\"wp-block-unilux-blocks-simple-cta\">\n    <a\n        href=\"https:\/\/www.uni.lu\/fdef-en\/people\/diane-pierret\/\"\n        title=\"View Profile\"\n        class=\"link-text link-text--icon quote-people__link\"\n        target=\"\"\n    >\n        <span class=\"link-text__body\">\n            <span class=\"link-text__name\">View profile<\/span>\n        <\/span>\n        <svg aria-hidden=\"true\" focusable=\"false\" class=\"icon icon-outline icon--arrow-right \"><use xlink:href=\"https:\/\/www.uni.lu\/wp-content\/themes\/unilux-theme\/assets\/images\/icons\/icons-outline.svg#icon--arrow-right\"><\/use><\/svg>    <\/a>\n<\/div>\n<\/div>\n        <\/figure>\n    <\/div>\n<\/section>\n\n\n<p><\/p>\n\n\n\n<p><strong>What advice would you give to young women who would like to pursue an academic career in finance ?<\/strong><\/p>\n\n\n\n<p>First, it\u2019s very important that find your passion. If you are not passionate about what you are doing or about your field of research, it\u2019s not worth continuing. A career in academia is very demanding on your personal life and you\u2019ll need to channel your passion into motivation and drive in order to succeed. Don\u2019t let anyone or anything stand between you and your goals. Just get busy with doing what you love and don\u2019t think about the rest.<\/p>\n\n\n\n<p>I remember Taylor Swift\u2019s acceptance speech for the Billboard&#8217;s Woman of the Decade Award. She said \u201c\u2026<em>the<\/em> <em>difference between those who can continue to create in that climate usually comes down to this. Who lets that scrutiny break them and who just keeps making art.\u201d&nbsp;<\/em><\/p>\n\n\n\n<p>So, my advice to young female academics: \u201cjust keep doing research\u201d.<\/p>\n\n\n\n<p>The full replay of the WE_ARE_IN conference, as well as the programme, can be found on the <a href=\"https:\/\/cepr.org\/events\/4th-wearein-macroeconomics-and-finance-conference\">CEPR website.<\/a><\/p>\n\n\n\n<p>Photo: European Central Bank<\/p>\n<\/div><\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":320,"featured_media":16020,"template":"","format":"standard","meta":{"featured_image_focal_point":{"x":0.4,"y":0.4},"show_featured_caption":false,"ulux_newsletter_groups":"","uluxPostTitle":"","uluxPrePostTitle":"","_trash_the_other_posts":false,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false},"news-category":[423],"news-topic":[422,421],"organisation":[116,101],"authorship":[320],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.3 (Yoast SEO v22.3) - 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