Female analysts and COVID-19 corporate donation

Yang Wang (Lead / Corresponding author), Yifei Zhang, Wei Kang, Ahmed Hassan Ahmed

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)
57 Downloads (Pure)


This paper examines the impact of female analysts' coverage on firm's philanthropic activities amidst the outbreak of the COVID-19 pandemic in China. Using a hand-collected dataset of corporate philanthropy, the paper provides robust evidence that firms covered by female analysts are more likely to contribute actively to the well-being of societies by increasing corporate donation. This positive relationship is more pronounced if the company is privately controlled or covered by female analysts with more working experience, or located in more infectious provinces. Overall, our findings call for more female analyst recruitment, yielding benefits of pressuring firms to engage in philanthropy.

Original languageEnglish
Article number100941
Number of pages19
JournalEmerging Markets Review
Early online date28 Jun 2022
Publication statusPublished - Dec 2022


  • Female analysts
  • COVID-19
  • Corporate social responsibility
  • China
  • donation
  • China, donation

ASJC Scopus subject areas

  • Economics and Econometrics
  • Business and International Management


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