Online Appendix to the Paper Guan, Yuyan and Li, Congcong and Lu, Hai and Wong, M.H. Franco, Regulations and Brain Drain: Evidence from Wall Street Star Analysts' Career Choices (July 30, 2018). Available at: "https://ssrn.com/abstract=3243135" https://ssrn.com/abstract=3243135

This study examines the consequences of the series of reforms targeting investment-banking-related conflicts of interest. We compare and contrast optimism biases in analysts' stock recommendations and earnings forecasts across different types of analyst firms in the post-reform period...

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...

This paper investigates the effects of financial analysts' technical and social skills on their performance and career advancement. Using financial analysts' LinkedIn profiles, we find that analysts with strong technical skills endorsed by LinkedIn connections generate more accurate earnings...

This study investigates whether analysts strategically construct their portfolios along the supply chain. We document four major findings. First, the likelihood of an analyst following a firm's major customer increases with the strength of the economic tie along the supply chain, as measured by...