分析师盈利预测偏差模式及其解释金融学专业论文.docx

Contents HYPERLINK \l _bookmark0 Abstract (English) i HYPERLINK \l _bookmark1 Abstarct (Chinese) ii HYPERLINK \l _bookmark2 Introduction 1 HYPERLINK \l _bookmark3 Background and Significance of the Research 1 HYPERLINK \l _bookmark4 Research Method and Idea 2 HYPERLINK \l _bookmark5 Innovation and limitation of the Research 3 HYPERLINK \l _bookmark6 Innovation of the Research 3 HYPERLINK \l _bookmark7 Limitation of the Research 3 HYPERLINK \l _bookmark8 Research Overview of Analysts’ Earnings Forecast Bias 4 HYPERLINK \l _bookmark9 Definition, Classification and Role of Security Analysts 4 HYPERLINK \l _bookmark10 Definition of Security Analysts 4 HYPERLINK \l _bookmark11 Classification of Security Analysts 4 HYPERLINK \l _bookmark12 Role of Security Analysts 5 HYPERLINK \l _bookmark13 Research Overview of Analysts’ Earnings Forecast Bias 6 HYPERLINK \l _bookmark14 Overseas Research Overview of Analysts’ Earnings Forecast Bias 6 HYPERLINK \l _bookmark15 Domestic Research Overview of Analysts’ Earnings Forecast Bias 8 HYPERLINK \l _bookmark16 Empirical Study of Analysts’ Earnings Forecast Bias Pattern 10 HYPERLINK \l _bookmark17 Theoretical Analysis and Research Hypothesis 10 HYPERLINK \l _bookmark18 Research Design 16 HYPERLINK \l _bookmark19 Data Source and Sample Selection 16 HYPERLINK \l _bookmark20 Variable Selection and Model Building 20 HYPERLINK \l _bookmark21 Research Result 22 HYPERLINK \l _bookmark22 Descriptive Statistics 22 HYPERLINK \l _bookmark23 T-test results 30 HYPERLINK \l _bookmark24 Multiple Regression Result and Analysis 33 HYPERLINK \l _bookmark25 The Bias Pattern of Long Forecast Horizon and Short Forecast Horizon 35 HYPERLINK \l _bookmark26 Empirical Study of the Difference between Star Analysts and HYPERLINK \l _bookmark26 Non-star Analysts’ Earnings Forecast Behavior 38 HYPERLINK \l _bookmark27 Theoretical Analysis and Research Hypothesis 38 HYPERLINK \l _bookmark28 Research Design 40 HYPERLINK