This paper is the first to investigate the role of work-life balance in financial analysts’ performance and career advancement.
Using a large sample of Glassdoor reviews by financial analysts, we find a significant non-linear relation between work-life balance satisfaction and analyst performance and analyst career advancement.
Specifically, when work-life balance satisfaction is relatively low, an increase in work-life balance is associated with better analyst performance and career advancement; however, when perceived work-life balance is already high, a further increase in work-life balance is associated with worse analyst performance and career advancement.
By: Ole-Kristian Hope (University of Toronto – Rotman School of Management), Congcong Li (Singapore Management University – School of Accountancy), An-Ping Lin (Singapore Management University – School of Accountancy), and MaryJane Rabier (Washington University in St. Louis)
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