The Persistence of the Performance in Stock Recommendations of Superior Sell-Side Analysts
Available Online August 2016.
- https://doi.org/10.2991/icassr-15.2016.113How to use a DOI?
- The Superior Analysts; The Profitability; The Persistence
- 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.
- 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 SP - 412 EP - 415 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 -