What Kind of Company Did Analysts Concern About?--Empirical Analysis from the View of Financial Indicators and Corporate Governance
This paper examines corporate identity when Chinese security analysts forecast listed companies. Descriptive statistics revealed that analysts focused on some listed companies that belong to specific industries, and the concern has some relationship with macroeconomic conditions. In this paper, firstly we screen the companys financial indicators and governance indicators, and then examine two samples of the mean and average rank whether they have significant differences. We found that the companies that analysts predicted are significantly higher than those not predicted in many financial indicators. From a corporate governance point of view, Chinese security analysts much more concerned about the companies which governance structure is better.
Security analysts analyst forecasts financial indicators corporate governance features
CHEN Guoxin ZHANG Chang ZHAO Yi
School of Business, Nankai University, P.R.China, 300071
国际会议
The 5th International Sympsium for Corporate Governance(第五届公司治理国际研讨会)
天津
英文
437-444
2009-09-01（万方平台首次上网日期，不代表论文的发表时间）