Male Stock Analysts Show Bias Toward Companies Run by Men

A recent  study has found that male stock analysts tend to be biased toward public companies headed by men as opposed to women, according to a recent article in The Wall Street Journal. The article says that this group bias leads to a boost in share prices of firms that they don’t favor—that is, because they typically underestimate performance of female CEOs, an earnings surprise from such a firm often leads to a boost in share price. The study, conducted by researchers at the University of Miami School of Business Administration, states that these findings extend to stock analysts’ buy […]