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

DOI

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.

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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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  - Proceedings of the 3d International Conference on Applied Social Science Research
PB  - Atlantis Press
SP  - 412
EP  - 415
SN  - 1951-6851
UR  - https://doi.org/10.2991/icassr-15.2016.113
DO  - 10.2991/icassr-15.2016.113
ID  - Geng2016/08
ER  -