Can analyst predict stock market crashes?
Publication in refereed journal


香港中文大学研究人员 ( 现职)

庄太量教授 (经济学系)

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摘要The frequency of financial market turmoil has been rising over the past two decades. While the incidence of market turmoil has increased, the performance of analysts during tumultuous times has not received much attention in the literature. This paper examines whether the accuracy of analyst forecasts on stock returns varies during tumultuous times. Our results indicate that analysts' forecast performance during stock market crashes drops significantly.

着者Chong T.T.-L., Wang X.
期刊名称Economics Bulletin
出版年份2http://aims.cuhk.edu.hk/converis/portal/Publication/013
月份8
日期3http://aims.cuhk.edu.hk/converis/portal/Publication/0
卷号33
期次1
出版社Economics Bulletin
出版地United States
页次158 - 166
国际标準期刊号1545-2921
语言英式英语