The research found that female angel investors are less likely to be involved in their job roles if they are afraid of being perceived as a negative stereotype — however it was also found that those women with greater investment experience are more likely to thrive in a male-dominated space.

These findings come from research by Peter Wirtz, Professor of Strategy and Organisation at emlyon business school, alongside his colleagues, Laurence Cohen, from iaelyon School of Management, and Cristiano Bellavitis, from Syracuse University.

The researchers wanted to understand how stereotype threat theory – the fear of being perceived as a negative stereotype – affected women in investment in male-dominated groups and female-only groups.

•   The Finance Professional Show 2024: The Video
•   OSB launches course to excel female colleague potential
•   'Ladies Who Cannes' initiative launched to support women taking aim at MIPIM

The research found that female investors made less investments than men and were less involved in their investment activities when they were in male-dominated spaces.

However, women invested similar amounts as their male counterparts in female only spaces and significantly more so than women in male dominated spaces.

Women’s confidence and investment activities also increased as their experience in the sector grew, which researchers said showcased that as women feel more comfortable in their roles, they are more confident to make investment decisions.

"Investment has traditionally been dominated by men, creating barriers for women to feel confident in this space,” said Professor Wirtz.

He continued, “if we want to invest in a broader range of businesses and unlock untapped potential, women need environments that empower them to succeed.

“This research shows that all-female groups provide exactly that – fostering confidence, reducing pressure, and enabling women to fully realise their potential as investors."