REVIEW OF FINANCIAL STUDIES·DOI: https://doi.org/10.1093/rfs/hhx040·Published: 19 July 2017

华尔街分析师的性别与联系

作者：Lily Hua Fang(INSEAD), Sterling Huang(Singapore management University)

摘要：我们研究校友与公司董事会的关系如何不同地影响男、女分析师的工作绩效和职业成果。联系提高了分析师的预测准确性和推荐影响力，但与女性相比，对男性而言，此效果是两至三倍。联系也有助于分析师被机构投资者评为“明星”分析师的可能性，但这只能充当对男性分析师表现的部分替代品，对女性分析师表现却是一个补充。我们的证据表明，在工作表现和其他人的主观评价的中，男性分析师从联系中的受益比女性分析师多。

Gender and Connections among Wall Street Analysts

Lily Hua Fang(INSEAD), Sterling Huang(Singapore management University)

ABSTRACT

We examine how alumni ties with corporate boards differentially affect male and female analysts’ job performance and career outcomes. Connections improve analysts’ forecasting accuracy and recommendation impact, but the effect is two to three times as large for men as for women. Connections also contribute to analysts’ likelihood of being voted by institutional investors as “star” analysts, but act as a partial substitute to performance for men, while a complement to performance for women. Our evidence indicates that men benefit more than women from connections in both job performance and the subjective evaluation by others.

原文链接：

https://academic.oup.com/rfs/article-abstract/doi/10.1093/rfs/hhx040/3979371/Gender-and-Connections-among-Wall-Street-Analysts?redirectedFrom=fulltext

翻译：何杉