Gender and Connections among Wall Street Analyst

We study the interplay between gender and connections among Wall Street analysts. We measure connection using the Cohen, Frazzini, and Malloy school ties between analysts and the firms they cover. Male and female analysts are equally connected with companies they cover. Connection is associated with...

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Main Authors: HUANG, Sterling Zhenrui, Fang, Lily
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2013
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Online Access:https://ink.library.smu.edu.sg/soa_research/1269
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Institution: Singapore Management University
Language: English
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spelling sg-smu-ink.soa_research-22682014-10-20T08:48:04Z Gender and Connections among Wall Street Analyst HUANG, Sterling Zhenrui Fang, Lily We study the interplay between gender and connections among Wall Street analysts. We measure connection using the Cohen, Frazzini, and Malloy school ties between analysts and the firms they cover. Male and female analysts are equally connected with companies they cover. Connection is associated with more accurate earnings forecasts and more impactful stock recommendations for men, but not for women. Connection significantly improves men’s career outcomes such as promotions, but not women’s. For women, Ivy-League education and accurate forecasts are rewarded. Our results are consistent with the notion in sociology that men reap higher returns from social capital than women 2013-06-01T07:00:00Z text https://ink.library.smu.edu.sg/soa_research/1269 Research Collection School Of Accountancy eng Institutional Knowledge at Singapore Management University Accounting
institution Singapore Management University
building SMU Libraries
country Singapore
collection InK@SMU
language English
topic Accounting
spellingShingle Accounting
HUANG, Sterling Zhenrui
Fang, Lily
Gender and Connections among Wall Street Analyst
description We study the interplay between gender and connections among Wall Street analysts. We measure connection using the Cohen, Frazzini, and Malloy school ties between analysts and the firms they cover. Male and female analysts are equally connected with companies they cover. Connection is associated with more accurate earnings forecasts and more impactful stock recommendations for men, but not for women. Connection significantly improves men’s career outcomes such as promotions, but not women’s. For women, Ivy-League education and accurate forecasts are rewarded. Our results are consistent with the notion in sociology that men reap higher returns from social capital than women
format text
author HUANG, Sterling Zhenrui
Fang, Lily
author_facet HUANG, Sterling Zhenrui
Fang, Lily
author_sort HUANG, Sterling Zhenrui
title Gender and Connections among Wall Street Analyst
title_short Gender and Connections among Wall Street Analyst
title_full Gender and Connections among Wall Street Analyst
title_fullStr Gender and Connections among Wall Street Analyst
title_full_unstemmed Gender and Connections among Wall Street Analyst
title_sort gender and connections among wall street analyst
publisher Institutional Knowledge at Singapore Management University
publishDate 2013
url https://ink.library.smu.edu.sg/soa_research/1269
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