Work

Sell-Side Analysts and Gender: A Comparison of Performance, Behavior, and Career Outcomes

Year: 2013

Type: article

Abstract: Using a comprehensive sample of investment recommendations, we investigate differences in the performance, behavior, and career outcomes of male and female sell-side analysts. Compared to their male counterparts, we find that the recommendations of female analysts produce similar abnormal returns but with lower idiosyncratic risks. Further, gender does not seem to negatively influence female analysts’ career outcomes as defined by their star rankings and job mobility among brokerage firms. In fact, being a female analyst seems to increase the likelihood of being listed among the prestigious Institutional Investor and WSJ star analysts.

Source: Financial Analysts Journal

DOI: 10.2469/faj.v69.n2.4

Authors: Xi Li, Rodney N Sullivan, Danielle Xu, Guodong Gao

Institutions: Hong Kong University of Science and Technology, University of Arkansas at Fayetteville, CFA Institute, University of Virginia, Gonzaga University, Hanken School of Economics

Language: English

Topic: Financial Markets and Investment Strategies

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Gender equality, Reduced inequalities

Open Access status: green

OpenAlex ID: W1774885619

FWCI: 1.166

Cites: 44

Cited by: 31

Related to: 10