Facial Structure and Achievement Drive: Evidence from Financial Analysts
研究中国男性金融分析师的面部宽高比与业绩的关系，发现高宽高比的分析师更常进行公司实地调研且业绩更好，这种关联在地位较低、面临更高不确定性或更激烈竞争时更显著。
ABSTRACT We use a large pictorial sample of Chinese financial analysts to test the association between facial width‐to‐height ratio ( fWHR ) and performance in men. Financial analysts offer an ideal setting for our investigation because we can objectively track individual analysts’ behaviors and performance. We find that high‐ fWHR analysts are more likely to conduct corporate site visits and they exhibit better performance. The positive fWHR –performance association survives a battery of robustness checks and the association is more pronounced for analysts with lower status, for firms with higher uncertainty, and for analysts facing more intense competition. Our results suggest that the dominant trait predicted by fWHR is achievement drive.