政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/73909

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 112721/143689 (78%)
Visitors : 49609401 Online Users : 611

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大機構典藏 > 商學院 > 金融學系 > 期刊論文 > Item 140.119/73909

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/73909

Title:	Conflicts of Interest in the Stock Recommendations of Investment Banks and Their Determinants
Authors:	Shen, Chung-Hua;Chih, Hsiang-Lin 沈中華
Contributors:	金融系
Date:	2009
Issue Date:	2015-03-18 14:48:57 (UTC+8)
Abstract:	This study explores the phenomena associated with conflicts of interest, particularly as they pertain to the brokerage and proprietary trading divisions of investment banks. This distinguishes it from past studies, which have researched conflicts of interest between underwriting and brokerage divisions. We examine whether or not an investment bank issues buy recommendations to the market and buys (sells) the same recommended stocks through its proprietary trading division before (after) recommendations, and if so, to what extent this goes on. We find that these conflicts of interest do exist and that these investment banks can profit from their recommendations in the short run.
Relation:	Journal of Financial and Quantitative Analysis - J FINAN QUANT ANAL , vol. 44, no. 05
Data Type:	article
DOI 連結:	http://dx.doi.org/10.1017/S002210900999024X
DOI:	10.1017/S002210900999024X
Appears in Collections:	[金融學系] 期刊論文

Files in This Item:

File	Description	Size	Format
S002210900999024Xa.pdf		198Kb	Adobe PDF2	873	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...