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Gender and beauty in the financial analyst profession: evidence from the United States and China

2020; Springer Science+Business Media; Volume: 25; Issue: 4 Linguagem: Inglês

10.1007/s11142-020-09542-z

1573-7136

Congcong Li, An‐Ping Lin, Hai Lu, Kevin Veenstra,

Consumer Behavior in Brand Consumption and Identification

We examine how gender and beauty affect the likelihood of being voted as an All-Star in the financial analyst profession in both the United States and China. We find that female analysts are more likely to be voted as All-Star analysts in the United States, but good-looking female U.S. analysts are less likely to be voted as All-Stars. The conclusion is the opposite for Chinese analysts. We find that female analysts in China are less likely to be voted as All-Stars, but the likelihood increases with their facial attractiveness. These findings implicate a beauty penalty for female analysts in the United States and gender discrimination against female analysts in China. This career path evidence from a competitive financial industry suggests that gender and beauty biases may be rooted deeply in culture and the legal environment and should not be treated homogenously.