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
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