KHAS Finance Webinars – Yujie Song
The guest of the Finance Webinars series organized by Kadir Has University International Trade and Finance Department is Yujie Song (ESSEC Business School) on Wednesday, November 1 at 5 PM (GMT+3).
You may follow Song’s speech titled “Around the Clock: Sleep Deprivation and Financial Analysts Performance” on Zoom.
Zoom Meeting ID: 84860310028
The event is in English.
Abstract: Issues pertaining to the grueling working hours and resultant sleep deprivation of financial professionals have received increasing attention from regulatory bodies and the public. Using an innovative dataset sourced from PDF time stamps, this study constructs a novel measure to identify the occurrence and degree of sleep deprivation among individual financial analysts. I next examine whether analysts’ sleep deprivation affects their job performance and find that sleep loss is significantly associated with diminished job performance. I then revisit the “protected-weekend” policy in the investment banks and find the policy exacerbates the sleep problem and impairs the performance of analysts with ex-ante severe sleep deficits.
Latest version available at: https://www.yujiesong.com/jmp.html
About the Speaker: Yujie Song is a PhD Candidate in Finance at the ESSEC Business School. His research focuses on hybrid finance and accounting topics including financial intermediaries, the applications of big data, and initial public offerings. Mr. Song plans to be on the academic job market in fall 2023/spring 2024. His job market paper studies the impacts of sleep deprivation on the working performance of sell-side financial analysts. Mr. Song had received a BSc degree in Nuclear Physics at Lanzhou University, a MSc degree in Nuclear Engineering at Paris-Saclay University, and a MSc degree in Finance at EDHEC Business School.