Title: Gender heterogeneity in the sell-side analyst recommendation issuing process
Authors: Bosquet, Katrien ×
de Goeij, P.
Smedts, Kristien #
Issue Date: 2014
Publisher: Elsevier
Series Title: Finance Research Letters vol:11 issue:2 pages:104-111
Abstract: Using analyst stock recommendations issued between January 1996 and December 2006 we show that the odds for female financial analysts to issue optimistic investment advice is 40% lower than for male analysts. Although 17% of our sample of analysts is female, 48% is employed by a top financial institution and for them the odds to issue optimistic recommendations are 16% lower than their male colleagues. The odds are even 30% lower than their female counterparts at non-top institutions. The observed gender heterogeneity cannot be attributed to differences in the risk characteristics of recommended stocks, experience or task complexity.
ISSN: 1544-6123
Publication status: published
KU Leuven publication type: IT
Appears in Collections:Research Center Finance, Leuven
× corresponding author
# (joint) last author

Files in This Item:
File Description Status SizeFormat
GenderHeterogeneity.pdf Published 245KbAdobe PDFView/Open Request a copy

These files are only available to some KU Leuven Association staff members


All items in Lirias are protected by copyright, with all rights reserved.

© Web of science