主讲人：李凯（英属哥伦比亚大学）
讲座摘要： We study whether and how gender differences in performance under competition vary across countries using field evidence. Our main measure of country-level differences is the individualism dimension in Hofstede’s (1980, 2001) national cultural framework. Individualistic societies emphasize independence and equality (Hofstede 2011), whereas collectivistic societies emphasize in-groups’ interests and harmony (Trompenaars 1993; Hofstede 2001, 2011). Using a hand-collected sample of 18,269 equity analysts from 42 countries over the period 2004-2019 and firm times year fixed effects to account for time-varying unobservable that could potentially drive female analysts’ coverage decision and their performance, we first show that female analysts exhibit worse forecast accuracy than their male counterparts. However, in highly individualistic countries, we show that there is no significant difference in forecast accuracy between the genders. We further show that female analysts appear to be more skilled and work harder in highly individualistic countries compared to their peers in less individualistic countries, and that female analysts are more likely to drop out (be demoted) when underperforming in highly individualistic countries compared to their peers in less individualistic countries. We conclude that there are important cross-country variations in gender differences in performance under competition; specifically, such differences are attenuated in highly individualistic countries.
时间：8月10日（星期三），晚上8：00-9：30
线上会议：腾讯会议（会议号：358 800 350）
主讲人简介： 李凯教授是加拿大英属哥伦比亚大学尚德商学院讲席教授，Journal of Financial and Quantitative Analysis、Review of Financial Studies、Journal of Corporate Finance、Journal of Financial Stability、Review of Finance、Journal of Banking and Finance、Financial Management等杂志的副主编。近年来她在Journal of Finance，Journal of Corporate Finance，Journal of Financial and Quantitative Analysis等国际知名学术期刊上发表了多篇论文，并在众多国际会议上获得最佳论文奖等奖项。
主办：中国互联网经济研究院
此次讲座获得北京高等学校卓越青年科学家计划资助（BJJWZYJH01201910034034），特此致谢。
