An Empirical Study on the Performance of Analysts' Recommendation
- Received Date: 2006-01-19
- Publish Date: 2006-08-15
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Key words:
- stock analyst /
- investment value /
- empirical study
Abstract: This paper analyzes the invest value of analysts' recommendations with the sample of 2 660 stocks recommended in Chinese Security Daily from 1999-07 to 2000-12. Results indicate that the recommendations of some analysts are useful to investors. According to the recommendations, four investing style and five holding term will make people win. So, analysts' recommendations embody investing value.
Citation: | XU Su, ZENG Yong. An Empirical Study on the Performance of Analysts' Recommendation[J]. Journal of University of Electronic Science and Technology of China, 2006, 35(4): 570-572,576. |