光華講壇——社會(huì)名流與企業(yè)家論壇第6662期

主題：超越“老男孩俱樂(lè)部”：金融分析師對(duì)職業(yè)人脈的利用 Beyond Old Boys’ Clubs: Financial Analysts' Utilization of Professional Connections

主講人：新加坡國(guó)立大學(xué)助理教授 杜夢(mèng)喬

主持人：西南財(cái)經(jīng)大學(xué)金融研究院副教授 牛子龍

時(shí)間：11月11日14:00-15:30

地點(diǎn)：光華校區(qū)35棟金融研究院202會(huì)議室

主辦單位：金融研究院 科研處

主講人簡(jiǎn)介：

杜夢(mèng)喬于2022年加入新加坡國(guó)立大學(xué)，擔(dān)任助理教授。她在德國(guó)曼海姆大學(xué)獲得博士學(xué)位，并在攻讀博士期間曾訪問(wèn)加州大學(xué)伯克利分校和邁阿密大學(xué)。她的研究主要集中在資本市場(chǎng)、財(cái)務(wù)分析師和勞動(dòng)力市場(chǎng)，尤其關(guān)注與性別相關(guān)的課題，她的研究成果已發(fā)表在頂級(jí)期刊上，包括Journal of Accounting and Economics、the Review of Finance和the Journal of Economic Behavior & Organization。

內(nèi)容提要：

女性往往缺乏進(jìn)入專屬社交俱樂(lè)部的機(jī)會(huì),從而從社交網(wǎng)絡(luò)中獲得的收益較少。我們研究了在擁有與專業(yè)環(huán)境中合適人士互動(dòng)機(jī)會(huì)的前提下,女性是否能比男性更好地利用人脈來(lái)提升職業(yè)表現(xiàn)和晉升。本文使用一個(gè)獨(dú)特的數(shù)據(jù)集,該數(shù)據(jù)集記錄了金融分析師在投資者會(huì)議上與何人、何時(shí)、何地互動(dòng)。我們發(fā)現(xiàn)女性分析師在與公司高管建立聯(lián)系后,其盈利預(yù)測(cè)比男性同行更為準(zhǔn)確。進(jìn)一步的證據(jù)表明,女性分析師克服了與高管互動(dòng)中的同質(zhì)性偏好,并將會(huì)議互動(dòng)轉(zhuǎn)化為長(zhǎng)期人脈,從而提高了長(zhǎng)達(dá)三年的預(yù)測(cè)準(zhǔn)確性。此外,資本市場(chǎng)和勞動(dòng)力市場(chǎng)都認(rèn)可了她們利用人脈的卓越能力。研究結(jié)果表明,女性能夠充分利用專業(yè)人脈為自己謀求利益,突顯了在專業(yè)環(huán)境中為女性提供結(jié)構(gòu)化社交機(jī)會(huì)的益處。

Women often lack the opportunity to enter exclusive social clubs, reaping fewer benefits from their social networks. We investigate, conditioning on having the opportunity to interact with the right people in a professional setting, whether women can better utilize connections for career performance and advancement than men. Using a unique dataset that documents when, where, and with whom a financial analyst interacts at investor conferences, we find that female analysts issue more accurate earnings forecasts than their male counterparts after establishing connections with the firm's executives. Further evidence suggests that female analysts overcome homophilly in interactions with executives and transform conference interactions into long-term relationships, enhancing forecast accuracy for up to three years. In addition, both the capital and labor markets recognize their superior ability to utilize connections. Our findings suggest that women capitalize on professional connections to their advantage, highlighting the benefits of promoting structured networking opportunities for women in professional environments.