This project analyzes the impact of Covid-19 on the work quality of female financial analysts versus their male counterparts, examining gender-based differences in behavior, performance, and influence on investor decisions through earnings forecasts.
Covid-19 has significantly affected society, impacting both the economy and social lifestyles.
The pandemic introduced a heterogeneous effect on males and females, gaining attention from both industry and academia.
Media reports suggest that females are facing more losses and losing bargaining power in the workplace.
However, does Covid-19 truly cause different impacts on males and females that influence the work quality of females? ๐ค
๐ต๏ธโโ๏ธ Research Objective
This research aims to provide evidence on whether females and males behaved differently during the Covid-19 period, with a focus on financial analyst jobs.
๐ Why Financial Analysts?
Data Availability:
Financial analysts issue earnings forecasts almost daily, offering rich data to track work quality.
Economic Significance:
Financial analysts and their forecasts are crucial for investors.
Analysts provide forward-looking insights and analyze released information, bridging the information gap between public firms and investors.
Their forecasts help level the playing field among investors, reduce information asymmetry, and enhance market efficiency.
๐ Research Focus
This project investigates the impact of the Covid-19 pandemic on female financial analysts' forecast behaviors compared to males.
It also examines whether female-issued forecasts influence investor decisions regarding earnings announcements, measured through post-earnings announcement 10-day returns.