中国证券的分析师羊群行为和市场反应

《中国证券的分析师羊群行为和市场反应》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

1、ChineseSecurityAnalysts’HerdingBehaviorandMarketReactionByYantingWangUndertheSupervisionofProfessorCharlesChangSubmittedinPartialFulfillmentoftheRequirementsFortheDegreeofMasterInFinanceShanghaiAdvancedInstituteofFinanceShanghaiJiaotongUniversityMay2011ContentsAbstract.....

2、.........................................................................................i摘要....................................................................................................ii1.Introduction..................................................................

3、..............12.DataandSampleSelection........................................................73.ForecastHerdingandAnalystCharacteristics.....................133.1.ConstructionofMeasures................................................................133.1.1.HerdingForecast

4、sandBoldForecasts......................................133.1.2.Reputation.................................................................................143.1.3.Resources...................................................................................173.1.4.Experience..

5、...............................................................................193.1.5.ForecastAccuracy.....................................................................203.1.6.HardworkingandActiveness.....................................................223.2.MethodandRe

6、gressionResult........................................................234.DoesMarketDetectHerdingForecastRevisions?...............304.1.ConstructionofMeasures................................................................304.2.MethodandRegressionResult.....................

7、...................................315.RobustnessTests.......................................................................335.1.AlternativeHerdingMeasure-StricterStandards...........................335.2.AlternativeHerdingMeasure-FromanAngleofTimeliness.........365.3.Alt

8、ernativeHerdingMeasure–BasedonRatings...........................416.Conclusion....