Proceedings of the 3d International Conference on Applied Social Science Research

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

Authors
Yan-li Geng
Corresponding Author
Yan-li Geng
Available Online August 2016.
DOI
https://doi.org/10.2991/icassr-15.2016.113How to use a DOI?
Keywords
The Superior Analysts; The Profitability; The Persistence
Abstract
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.
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Proceedings
3d International Conference on Applied Social Science Research (ICASSR 2015)
Part of series
Advances in Intelligent Systems Research
Publication Date
August 2016
ISBN
978-94-6252-148-3
ISSN
1951-6851
DOI
https://doi.org/10.2991/icassr-15.2016.113How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Yan-li Geng
PY  - 2016/08
DA  - 2016/08
TI  - The Persistence of the Performance in Stock Recommendations of Superior Sell-Side Analysts
BT  - 3d International Conference on Applied Social Science Research (ICASSR 2015)
PB  - Atlantis Press
SN  - 1951-6851
UR  - https://doi.org/10.2991/icassr-15.2016.113
DO  - https://doi.org/10.2991/icassr-15.2016.113
ID  - Geng2016/08
ER  -