LOGIN TO YOUR ACCOUNT

Username
Password
Remember Me
Or use your Academic/Social account:

CREATE AN ACCOUNT

Or use your Academic/Social account:

Congratulations!

You have just completed your registration at OpenAire.

Before you can login to the site, you will need to activate your account. An e-mail will be sent to you with the proper instructions.

Important!

Please note that this site is currently undergoing Beta testing.
Any new content you create is not guaranteed to be present to the final version of the site upon release.

Thank you for your patience,
OpenAire Dev Team.

Close This Message

CREATE AN ACCOUNT

Name:
Username:
Password:
Verify Password:
E-mail:
Verify E-mail:
*All Fields Are Required.
Please Verify You Are Human:
fbtwitterlinkedinvimeoflicker grey 14rssslideshare1
Wang, J; Haslam, J; Marston, C (2011)
Publisher: Emerald
Languages: English
Types: Article
Subjects:
Purpose - The purpose of this paper is to provides insights into recent financial analysis practice in the Chinese context. The paper examines the approaches pursued and information used by Chinese financial analysts in investment appraisal of ordinary shares. The research explores influences upon analysts' decision-making and how analysts perceived the Chinese investment environment.\ud \ud Design/methodology/approach - Questionnaire based survey approach is conducted in 2003 with 65 Chinese financial analysts. \ud \ud Findings – The findings indicate that fundamental analysis was the predominant technique adopted in appraising equities in line with the development of institutional investors and improved market efficiency. Regarding information used to analyse companies, annual reports constituted the most influential source. The Chinese analysts favoured usage of International Financial Reporting Standards (IFRSs) and International Accounting Standards (IASs) by A-share companies. The findings indicate changes within the financial analyst community, suggesting pressure for higher quality analysis and increased use of more sophisticated techniques despite ongoing market shortcomings. Opinions vary as to how important financial analysis is in influencing stock valuation or, crucially, upon socio-economic welfare. However, studies putting the analysts' role in perspective vis-à-vis other forces contribute to broadening understanding of this significantly under research area. This current study contributes to filling this gap. \ud \ud Originality/value – This paper provides insights into how specific country contexts influence financial analyst's investment appraisal practice both in incentives and information sources and techniques adopted.

Share - Bookmark

Cite this article