The Roles of Financial Analysts in the Stock Market

He, Guanming; Li, April Zhichao

Abstract

Investors lacking ample time, professional knowledge, and sufficient ability may find it difficult to understand the implication of complex corporate information and figure out the clear trend of future corporate performance. Financial analysts who provide earnings forecasts and stock recommendations could help investors with investment decision-making. This chapter explores the roles that analysts play in the stock market, the determinants of the effectiveness of their roles, and how well they play the roles.

Citation

He, G., & Li, A. Z. (2024). The Roles of Financial Analysts in the Stock Market. In C. Few Lee, A. C. Lee, & J. C. Lee (Eds.), Handbook of Investment Analysis, Portfolio Management, and Financial Derivatives (2293-2308). World Scientific Publishing. https://doi.org/10.1142/9789811269943_0073

• Acceptance Date: Jan 1, 2024
• Online Publication Date: May 9, 2024
• Publication Date: 2024-06
• Deposit Date: May 11, 2024
• Publicly Available Date: Jun 1, 2025
• Publisher: World Scientific Publishing
• Pages: 2293-2308
• Book Title: Handbook of Investment Analysis, Portfolio Management, and Financial Derivatives
• Chapter Number: 73
• ISBN: 9789811269936; 9789811269943
• DOI: https://doi.org/10.1142/9789811269943_0073
• Keywords: Financial analysts; Analyst coverage; Analyst forecasts; Information intermediation; External monitoring
• Public URL: https://durham-repository.worktribe.com/output/2437737
• Publisher URL: https://www.worldscientific.com/worldscibooks/10.1142/13051