Publication Type

Journal Article

Version

publishedVersion

Publication Date

4-2023

Abstract

Social skills are important but difficult to measure. So far, few empirical studies have examined the effect of social skills on the performance of professionals. Using the number of LinkedIn connections as a proxy for social skills, we investigate the effect of financial analysts' social skills on their performance. We use multiple ways to validate the measure of social skills and show that analysts with better social skills produce more accurate earnings forecasts and that their stock recommendations elicit stronger market reactions. Furthermore, these socially skilled analysts are more likely to be voted as All-Star Analysts. This study provides the first large-sample evidence highlighting the importance of social skills on financial analysts' performance.

Keywords

analysts, connections, labor market, social media, social skills

Discipline

Accounting | Portfolio and Security Analysis | Social Influence and Political Communication | Social Media

Publication

Contemporary Accounting Research

First Page

1

Last Page

30

ISSN

0823-9150

Identifier

10.1111/1911-3846.12855

Publisher

Wiley

Copyright Owner and License

Authors CC-BY-NC

Creative Commons License

Creative Commons Attribution 3.0 License
This work is licensed under a Creative Commons Attribution 3.0 License.

Additional URL

https://doi.org/10.1111/1911-3846.12855

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