dc.contributor.authorLi, Yuanen_US
dc.date.accessioned2011-12-27T07:17:58Z
dc.date.accessioned2017-07-23T08:25:08Z
dc.date.available2011-12-27T07:17:58Z
dc.date.available2017-07-23T08:25:08Z
dc.date.copyright2010en_US
dc.date.issued2010
dc.identifier.citationLi, Y. (2010). Three essays on financial analysis. Doctoral thesis, Nanyang Technological University, Singapore.
dc.identifier.urihttp://hdl.handle.net/10356/47359
dc.description160 p.en_US
dc.description.abstractThis thesis includes three essays on financial analysts. We propose an ex ante measure of an analyst's ability to produce private information (PPI), based on how little the analyst's forecast revisions are correlated with prior stock price changes. We find that earnings forecasts issued by analysts with higher PPI are more accurate, timelier, bolder, and have greater stock price impacts. We also find evidence that, compared to other ex ante measures of analyst ability, PPI is incrementally useful and has the greatest power in identifying superior analysts. In addition, using PPI, we find that Regulation Fair Disclosure not only equalizes the access of analysts to managerial information, but also encourages their private information production.en_US
dc.rightsNanyang Technological Universityen_US
dc.subjectDRNTU::Business::Accounting::Financial statements and analysisen_US
dc.titleThree essays on financial analysisen_US
dc.typeThesisen_US
dc.contributor.schoolCollege of Business (Nanyang Business School)en_US
dc.contributor.supervisorHwang Chuan Yangen_US
dc.description.degreeDOCTOR OF PHILOSOPHY (NBS)en_US


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