Analysis of Securities Analysts Impact on China’s Capital Market Efficiency

Authors

  • Bing Yang Author
  • Xiaolin Li Author

DOI:

https://doi.org/10.20849/ajsss.v2i1.127

Keywords:

securities analyst, stock price synchronicity, market efficiency

Abstract

This paper explores the impact of securities analysts on China’s capital market efficiency from the perspective of the stock price synchronicity. Empirical results show that increased securities analysts can improve capital market efficiency, but this effect is limited with economical insignificant. We recommend that the Chinese Securities’ Regulatory Authorities need to further the reform of the securities industry consulting system, thus enhance the capital market efficiency of allocation of resources.

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Published

2017-03-20

Issue

Vol 2, No 1 (2017)

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

© Asian Journal of Social Science Studies. The copyright for all articles published in this journal is retained by the authors. All articles are published under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (CC BY-NC 4.0). This license permits use, distribution, and reproduction in any medium for non-commercial purposes only, provided the original work is properly cited.

How to Cite

Analysis of Securities Analysts Impact on China’s Capital Market Efficiency. (2017). Asian Journal of Social Science Studies, 2(1), p110. https://doi.org/10.20849/ajsss.v2i1.127