We're using cookies, but you can turn them off in your browser settings. Otherwise, you are agreeing to our use of cookies. Learn more in our Privacy Policy

Bridge over ocean
1 March 2013 Financial Analysts Journal Volume 69, Issue 2

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

  1. Xi Li
  2. Rodney N. Sullivan, CFA
  3. Danielle Xu
  4. Guodong Gao

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 with 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.

Read the Complete Article in Financial Analysts Journal Financial Analysts Journal CFA Institute Member Content