Dissertation > Excellent graduate degree dissertation topics show

An Empirical Study on the Ability of the Chinese Security Analysts’ Stock Recommendations

Author: JiangMin
Tutor: WuFengYun
School: Southwest Jiaotong University
Course: Amount school
Keywords: Securities analysts Stock recommendations Brokerage Independent advisory body
CLC: F830.91
Type: Master's thesis
Year: 2011
Downloads: 114
Quote: 1
Read: Download Dissertation

Abstract


Since 19 December 1990 , the Chinese stock market has withstood 18 years of rapid development , but development is still not mature enough , still maintains the characteristics of emerging capital markets . If the market is weak -form efficiency as well as high -risk, which is the lack of rational investment LIU small investors at a disadvantage. Therefore, the market needs to be able to correctly interpret and market information to investors, securities analysts deliver their purpose of existence is to provide valuable advice to investors in order to promote market efficiency . Securities analysts recommended the stock whether they have investment value, whether they are given an independent, impartial and effective investment advice ? This that is the purpose of this study . In this paper, event study method , select \atmosphere in bull and bear stock picking ability of the securities analyst comparative analysis ; finally is working for securities companies and securities advisory body independent securities analysts comparative analysis of stock-picking ability . This article has conducted its overall recommendations , Callable city atmosphere contrast and brokerages and securities advisory body independent empirical research , the results showed that: China Securities analyst 's stock picking ability has been questioned , as recommended by the stock was recommended ago, has shown abnormal earnings , and the findings of the mature Western markets contrary , and does not have long-term investment value ; atmosphere they bear the recommended stocks gained excess returns than bull atmosphere excess returns ; brokerage agency securities analysts recommend the stock abnormal returns significantly higher than the independent advisory body . Through empirical analysis , this paper considers the China Securities analyst was not able to give investors an independent, impartial , effective recommendations , does not have the superior stock picking ability .

Related Dissertations

  1. Conversion from Securities Broker to Financial Consultant,F832.51
  2. The Analyze of Investment Value of the Research Report by Chinese Securities Traders,F832.51
  3. Research on Relationship Marketing in the Brokerage Business in Huatai Securities,F832.51
  4. An Empirical Study on Forecast Bias and Factors in Chinese a Share Market,F224
  5. The Civil Liability of Securities Analysts,D923;F832.51
  6. Research on the Ability of Stock Recommendation of Security Analyst in China,F224
  7. China's securities brokerage business services Marketing Research,F274
  8. An Study about the Influence Factors of the Precision of Analysts’Earnings Forecast,F830.91
  9. Stock Ratings of Securities Analysts of the investment value,F832.51
  10. The Conflicts of Interest between Securities Analysts and Investors,F832.51
  11. Empirical Research on Securities Analysts’ Earning Forecasts in China,F224
  12. Study on the Factors Which Affecting the Accuracy of China’s Securities Analysts Earnings Forecasts,F832.51
  13. The Research on Predicting Effectiveness of China’s Security Analysts,F832.51
  14. The Impact of Securities Underwriting on Security Analysts’ Independence,F832.51
  15. The Impact of Informed Market Participants on Stock Price Synchronicity,F224
  16. Conflicts of Interest Behavior and Its Regulation of Securities Analyst in Our Country,F832.51
  17. A Study of the Relationship between Accounting Information and Security Analysts,F830.91
  18. Research on Competence of the Securities Marketing in Securities Agency,F830.91
  19. Reform of China's township and Practice Review,D67
  20. The Study of HX Futures Brokerage Company’s Risks Management and Countermeasure Design,F724.5

CLC: > Economic > Fiscal, monetary > Finance, banking > Finance, banking theory > Financial market > Securities market
© 2012 www.DissertationTopic.Net  Mobile