The Persistence of the Performance in Stock Recommendations of Superior Sell-Side Analysts

被引：0
|
作者：
Geng, Yan-li [1 ]
机构：
[1] Shandong Inst Business & Technol, Yantai, Shandong, Peoples R China
来源：
PROCEEDINGS OF THE 3D INTERNATIONAL CONFERENCE ON APPLIED SOCIAL SCIENCE RESEARCH | 2016年 / 105卷
关键词：
The Superior Analysts; The Profitability; The Persistence; MUTUAL FUND PERFORMANCE; FORECAST REVISIONS; SECURITY ANALYSTS;
D O I：
暂无
中图分类号：
C [社会科学总论];
学科分类号：
03 ; 0303 ;
摘要：
The paper tests the performance of the superior analysts of the new fortune using the event study. The results show that the superior analysts perform better than the ordinary analysts generally and the difference between them is significant. But it is not that all of the superior analysts perform better than the ordinary analysts, the difference between the superior analysts who perform best and the superior analysts who perform worst is significant. And we find that the analysts express some continuity, the superior analysts who performed well in the past also perform well in the future. Our results show that it is not that all of the superior analysts of the new fortune are valuable for following and the investors would not blindly follow the superior analysts.
引用
收藏
页码：412 / 415
页数：4
相关论文
共 50 条
  • [1] The persistence of relative performance in stock recommendations of sell-side financial analysts
    Li, X
    JOURNAL OF ACCOUNTING & ECONOMICS, 2005, 40 (1-3): : 129 - 152
  • [2] The seasonality in sell-side analysts' recommendations
    Kucheev, Yury O.
    Sorensson, Tomas
    FINANCE RESEARCH LETTERS, 2019, 29 : 162 - 168
  • [3] Sell-side analysts' recommendations a value or noise
    Vukovic, Darko B.
    Ugolnikov, Vladislav
    Maiti, Moinak
    INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS, 2021, 26 (02) : 3134 - 3151
  • [4] Flattering or Really Understanding? Research on Stock Recommendations by Sell-Side Analysts in China
    Long, Xuewen
    Xu, Zelin
    JOURNAL OF PORTFOLIO MANAGEMENT, 2023, 49 (06): : 102 - 131
  • [5] Financial restatements and sell-side analysts' stock recommendations: evidence from Malaysia
    Qasem, Ameen
    Aripin, Norhani
    Wan-Hussin, Wan Nordin
    INTERNATIONAL JOURNAL OF MANAGERIAL FINANCE, 2020, 16 (04) : 501 - 524
  • [6] Sell-Side Analysts' Benchmarks
    Kadan, Ohad
    Madureira, Leonardo
    Wang, Rong
    Zach, Tzachi
    ACCOUNTING REVIEW, 2020, 95 (01): : 211 - 232
  • [7] Do CEOs' characteristics impact sell-side analysts' recommendations?
    Alazzani, Abdulsamad
    Albitar, Khaldoon
    Hussainey, Khaled
    CORPORATE GOVERNANCE-THE INTERNATIONAL JOURNAL OF BUSINESS IN SOCIETY, 2024,
  • [8] Sell-side debt analysts
    Johnston, Rick
    Markov, Stanimir
    Ramnath, Sundaresh
    JOURNAL OF ACCOUNTING & ECONOMICS, 2009, 47 (1-2): : 91 - 107
  • [9] Do sell-side stock analysts exhibit escalation of commitment?
    Beshears, John
    Milkman, Katherine L.
    JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION, 2011, 77 (03) : 304 - 317
  • [10] Institutional investors, political connections and stock recommendations from sell-side analysts: the case of Malaysia
    Qasem, Ameen
    Wan-Hussin, Wan Nordin
    Ghaleb, Belal Ali Abdulraheem
    Bamahros, Hasan Mohamad
    JOURNAL OF ACCOUNTING IN EMERGING ECONOMIES, 2023, 13 (02) : 450 - 483
12345