Sell-side analysts and gender: A comparison of performance, behavior, and career outcomes
- Xi Lic, f(Author),
- Rodney N. Sullivang(Author),
- ,
- Guodong Gaoe(Author)
- ,
- ,
- cHong Kong University of Science and Technology,
- dHanken School of Economics,
- eChicago Equity Partnersxs,
- fXL Partners
Research Output: Contribution to journal Article Peer-review
Abstract
Using a comprehensive sample of investment recommendations, the authors investigated differences in the performance, behavior, and career outcomes of male and female sell-side analysts. They found that the recommendations of female analysts, compared with those of their male counterparts, produce similar abnormal returns but ivith lower idiosyncratic risks. Further, gender does not seem to negatively affect female analysts' career outcomes as defined by their "star" rankings and job mobility among brokerage firms.