Three essays on the gender differences of financial analysts.

Summary This doctoral dissertation includes three essays related to the gender of financial analysts. The empirical results of the first study attest to an underrepresentation of female analysts and confirm that national culture has a significant impact on the representation of female financial analysts in the European countries studied. The second study shows that male analysts are more likely to make innovative recommendations than female analysts, due to a higher confidence in their judgment. Finally, the findings of the third study show that innovative recommendations trigger stronger reactions from investors, but there are no gender differences in market reactions to these innovative recommendations. The empirical findings of this dissertation complement the literature on financial analysts, and specifically on the impact of gender in financial decision making.