Publication Type
Journal Article
Version
publishedVersion
Publication Date
1-2024
Abstract
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.
Keywords
COVID-19, Decision heuristics, Financial analysts, Gender gap, Pandemic
Discipline
Finance and Financial Management | Gender and Sexuality | Portfolio and Security Analysis | Public Health
Research Areas
Finance
Publication
Review of Accounting Studies
First Page
1
Last Page
33
ISSN
1380-6653
Identifier
10.1007/s11142-024-09852-6
Publisher
Springer
Citation
LI, Frank Weikai and WANG, Baolian.
The gender effects of COVID: Evidence from equity analysts. (2024). Review of Accounting Studies. 1-33.
Available at: https://ink.library.smu.edu.sg/lkcsb_research/7524
Copyright Owner and License
Author-CC-BY
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Additional URL
https://doi.org/10.1007/s11142-024-09852-6
Included in
Finance and Financial Management Commons, Gender and Sexuality Commons, Portfolio and Security Analysis Commons, Public Health Commons