Peer Effects of All-Star Females
65 Pages Posted: 31 Aug 2018 Last revised: 17 Apr 2020
Date Written: April 16, 2020
This paper studies how senior women's representation in the workplace leads to positive outcomes. I find that all-star female analysts positively affect the performance of their peers. Specifically, an increase in the number of all-star females in a brokerage spurs the future performance of other analysts in that brokerage. These results are not explained by unobserved factors that may affect analysts’ sorting behavior and performance. Analysts who cover firms in the same industry as all-star females experience a larger boost in their outcomes, suggesting that knowledge spillover is an economic channel through which all-star females affect their cohorts' performance.
Keywords: All-star females; peer effect; gender dispersion; sell-side analyst; analyst performance
JEL Classification: G00; G24; J00
Suggested Citation: Suggested Citation