An examination of factors affecting Chinese financial analysts’ information comprehension, analyzing ability, and job quality

An examination of factors affecting Chinese financial analysts’ information comprehension,... This paper examines various factors affecting Chinese financial analysts’ information comprehension, analyzing ability and job quality. We hypothesized that financial analysts with better educational background, more experience, superior resources provided by large brokerage firms and more information sources have better information comprehension, stronger analyzing ability, and higher job quality. Using a survey method to collect data, we found that information sources have a significant impact on analysts’ information comprehension, analyzing ability and job quality. Specifically, analysts tend to exhibit greater information comprehension and better job quality when they conduct more company-level surveys. Additionally, when they have more access to firms’ indirect information, analysts tend to have a stronger analyzing ability and better job quality. We also found that analysts’ educational background has a positive impact on their analyzing ability while analysts’ work experience improves their job quality. This study’s results indicate that financial analysts are still a fledgling profession in current China, and the capabilities of Chinese financial analysts need to be improved through additional training and continued education. Moreover, our study is important in highlighting the urgency of fostering the development of the financial analysis profession in China. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Review of Quantitative Finance and Accounting Springer Journals

An examination of factors affecting Chinese financial analysts’ information comprehension, analyzing ability, and job quality

Loading next page...
 
/lp/springer_journal/an-examination-of-factors-affecting-chinese-financial-analysts-u29BA5IJM0
Publisher
Springer US
Copyright
Copyright © 2007 by Springer Science+Business Media, LLC
Subject
Finance; Corporate Finance; Accounting/Auditing; Econometrics; Operation Research/Decision Theory
ISSN
0924-865X
eISSN
1573-7179
D.O.I.
10.1007/s11156-007-0058-3
Publisher site
See Article on Publisher Site

References

  • Analysts coverage and intangible assets
    Barth; Mary, E; Kasznik, R; McNichols, MF
  • Analyst forecast accuracy: do ability, resources, and portfolio complexity matter?
    Clement, MB
  • Management communication with security analysts
    Francis, J; Hanna, JD; Philbrick, DR
  • Stock performance and intermediation changes surrounding sustained increases in disclosure
    Healy, P; Hutton, A; Palepu, K
  • The effect of regulation fair disclosure on the relevance of conference calls to financial analysts
    Irani, A
  • Expertise in forecasting performance of security analysts
    Jacob, J; Lys, TZ; Neale, MA
  • The effect of experience on security analyst underreaction
    Mikhail, MB; Walther, BR; Willis, RH
  • Reputation and performance among security analysts
    Stickel, S
  • Herding among security analysts
    Welch, I

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 12 million articles from more than
10,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Unlimited reading

Read as many articles as you need. Full articles with original layout, charts and figures. Read online, from anywhere.

Stay up to date

Keep up with your field with Personalized Recommendations and Follow Journals to get automatic updates.

Organize your research

It’s easy to organize your research with our built-in tools.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

Monthly Plan

  • Read unlimited articles
  • Personalized recommendations
  • No expiration
  • Print 20 pages per month
  • 20% off on PDF purchases
  • Organize your research
  • Get updates on your journals and topic searches

$49/month

Start Free Trial

14-day Free Trial

Best Deal — 39% off

Annual Plan

  • All the features of the Professional Plan, but for 39% off!
  • Billed annually
  • No expiration
  • For the normal price of 10 articles elsewhere, you get one full year of unlimited access to articles.

$588

$360/year

billed annually
Start Free Trial

14-day Free Trial