Earnings forecasts of female CEOs: quality and consequences

Abstract This study examines the voluntary disclosure of earnings forecasts by female CEOs. We find that in backdrop increased pressure to perform from investors and other stakeholders, CEOs tend issue more than male CEOs, those are accurate. also while financial analysts generally prefer follow companies headed CEOs’ efforts accurate pay off, as these help them close analyst coverage gap. provide complementary evidence on with regard updates forecast 10-K report. Lastly, we show rely possibly because they recognize superior forecasting quality. Our results robust use alternative research designs, including difference-in-difference, propensity score matching, entropy balancing. Overall, our documents gender differences senior management.