The gender effects of COVID: Evidence from equity analysts

The gender effects of COVID: Evidence from equity analysts

We use COVID-19 and sell-side analysts as an experiment to study the effects of gender on labor productivity. We find that the forecast accuracy of female analysts declined more than that of male analysts, especially when schools were closed and among analysts who were more likely to have young chil...

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Bibliographic Details
Main Authors: LI, Frank Weikai, WANG, Baolian
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2024
Subjects:
COVID-19
Decision heuristics
Financial analysts
Gender gap
Pandemic
Finance and Financial Management
Gender and Sexuality
Portfolio and Security Analysis
Public Health
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/7524
https://ink.library.smu.edu.sg/context/lkcsb_research/article/8523/viewcontent/s11142_024_09852_6_pvoa_cc_by.pdf
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Institution: Singapore Management University
Language: English
Description
Summary:We use COVID-19 and sell-side analysts as an experiment to study the effects of gender on labor productivity. We find that the forecast accuracy of female analysts declined more than that of male analysts, especially when schools were closed and among analysts who were more likely to have young children, were inexperienced, were busier, or lived in southern states of the US. Relative to male analysts, females also reduced their forecast timeliness and resorted to more heuristic forecasts but did not reduce coverage or updating frequency. Relative to pre pandemic, female analysts’ careers were more negatively affected than male analysts’. Overall, our results show that the pandemic impacted female analysts more than males through the quality of their forecasts but not the quantity.

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