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http://hdl.handle.net/11375/5635
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DC Field | Value | Language |
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dc.contributor.author | Chan, Lilian Y. | en_US |
dc.contributor.author | Montazemi, Ali Reza | en_US |
dc.contributor.author | McMaster University, Faculty of Business | en_US |
dc.date.accessioned | 2014-06-17T20:42:26Z | - |
dc.date.available | 2014-06-17T20:42:26Z | - |
dc.date.created | 2013-12-23 | en_US |
dc.date.issued | 1987-03 | en_US |
dc.identifier.other | dsb/90 | en_US |
dc.identifier.other | 1089 | en_US |
dc.identifier.other | 4944112 | en_US |
dc.identifier.uri | http://hdl.handle.net/11375/5635 | - |
dc.description | <p>54, 2 leaves : ; Includes bibliographical references (leaves 33-35). ; "March, 1987."</p> <p>This research was supported by a grant from the National Sciences and Engineering Research Council of Canada .</p> | en_US |
dc.description.abstract | <p>This paper examines the information search behaviour of security analysts , the first stage of their decision process. Their information cho ice , the set of attributes they selected in valuing the s tocks of each and every sampled company , is evaluated agains t two theoretical models of stock valuation the discounted cash flow model (DCF) and the capital a sset pricing model (CAPM) . The results indicate that most analysts ' information choice corresponds to those attributes advocated in the DCF model , and attributes advocated in the CAPM are rarely included in the analysts ' information cho ice . Earnings per share , price - earnings ratio , a security 's historical prices , sales , net income , and return on comm on equity dominate the analysts ' information choice , and moderate agreement in the analysts ' information choice is evidenced.</p> | en_US |
dc.relation.ispartofseries | Research and working paper series (McMaster University. Faculty of Business) | en_US |
dc.relation.ispartofseries | no. 276 | en_US |
dc.subject | Business | en_US |
dc.subject | Business | en_US |
dc.subject.lcc | Corporations > Valuation Corporate profits > Forecasting Discounted cash flow Capital assets pricing model | en_US |
dc.title | An experimental study of the information choices of security analysts | en_US |
dc.type | article | en_US |
Appears in Collections: | DeGroote School of Business Working Paper Series |
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fulltext.pdf | 860.73 kB | Adobe PDF | View/Open |
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