Gender and Job Performance: Evidence from Wall Street

35 Pages Posted: 21 Mar 2008

See all articles by Narasimhan Jegadeesh

Narasimhan Jegadeesh

Emory University - Department of Finance

T. Clifton Green

Emory University - Department of Finance

Yue Tang

University of Florida - Department of Finance, Insurance and Real Estate

Multiple version iconThere are 3 versions of this paper

Date Written: January 2007

Abstract

We study the relation between gender and job performance among brokerage firm equity analysts. Women's representation in analyst positions drops from 16% in 1995 to 13% in 2005. We find women cover roughly 9 stocks on average compared to 10 for men. Women's earnings estimates tend to be less accurate. After controlling for forecast characteristics, the difference in accuracy is roughly equivalent to four years of experience. Despite reduced coverage and lower forecast accuracy, we find women are significantly more likely to be designated as All-Stars, which suggests they outperform at other aspects of the job such as client service.

Keywords: Gender, discrimination, affirmative action, Sell-side analysts

JEL Classification: G14, G29, J7, J44

Suggested Citation

Jegadeesh, Narasimhan and Green, T. Clifton and Tang, Yue, Gender and Job Performance: Evidence from Wall Street (January 2007). Available at SSRN: https://ssrn.com/abstract=956101 or http://dx.doi.org/10.2139/ssrn.956101

Narasimhan Jegadeesh

Emory University - Department of Finance ( email )

Atlanta, GA 30322-2710
United States

T. Clifton Green (Contact Author)

Emory University - Department of Finance ( email )

1300 Clifton Rd.
Atlanta, GA 30322-2710
United States
404-727-5167 (Phone)
404-727-5238 (Fax)

Yue Tang

University of Florida - Department of Finance, Insurance and Real Estate ( email )

P.O. Box 117168
Gainesville, FL 32611
United States
352-273-4447 (Phone)

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