Jingwen Ge

Composition of the Jury

Abstract

This doctoral thesis comprises three essays on the gender of financial analysts. The empirical results of the first study demonstrate an underrepresentation of female analysts and confirm that national culture has a significant impact on the representation of women among financial analysts in the European countries studied. The second study shows that male analysts are more likely to make innovative recommendations than female analysts, due to greater confidence in their judgment. Finally, the findings of the third study show that innovative recommendations trigger stronger reactions from investors, but no gender difference is observed in market reactions to these innovative recommendations. The empirical findings of this thesis complement the existing literature on financial analysts, and more specifically on the impact of gender on financial decision-making.

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