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中国证券市场上有大量的分析师对上市公司进行评级预测、业绩预测,并且不同分析师在从业经验、选股能力、工作平台都有很大的差异,那么因素是否造成分析师选股能力的差异,如果选股能力有差异,那么这种差异是否具有持续性?本文通过实证检验发现,分析师的选股能力确实具有持续性,过去表现好的分析师在未来也同样表现好,为投资者的投资决策提供了有价值的信息,一定程度上减少了投资者的盲目投资。
There are a large number of analysts in China’s securities market rating of listed companies forecast earnings forecasts, and different analysts in the business experience, stock selection ability, work platform are very different, then the factors that led to the ability of analysts to choose stocks Differences, if there is a difference between the stock selection ability, then whether this difference is persistent? This empirical test found that the analyst’s stock selection ability does have a sustained, good performance in the past analysts also perform well in the future, as investment Investment decision-making provides valuable information, to a certain extent, reduce the blind investor’s investment.