Critical analysis of the relationship between gender and investment decision: Systematic Literature Review (SLR)

This conceptual paper aims to investigate the differences in perception towards investment and strategies based on gender through the study of past literature. Numerous articles were gathered from the Emerald Insight & Science Direct databases using the PRISMA framework, leading to 9 articles being narrowed down and thoroughly scrutinised. Resultant synthesis proved an overwhelming relationship between gender and investment decisions, with some exceptions. The studies found that factors like financial literacy, gender diversity, homophily, and other behavioural traits shape gender orientation toward financial decision-making. These findings would be helpful for various stakeholders like financial advisors, policymakers, and corporate boards to tailor their advice and offerings according to gender needs.