dc.contributor.authorLiao, Kelvin Wensheng.
dc.contributor.authorTang, Yew Fei.
dc.contributor.authorTan, Sheng Chao.
dc.date.accessioned2009-04-01T00:57:02Z
dc.date.available2009-04-01T00:57:02Z
dc.date.copyright2009en_US
dc.date.issued2009
dc.identifier.urihttp://hdl.handle.net/10356/15131
dc.description.abstractThis study seeks to investigate the relative performance of the investment portfolios formed when investors strictly follow the recommendations of analysts in the East Asian markets, namely Hong Kong, Korea and Taiwan. The study is conducted for the period between January 1997 to March 2008. Results showed that there are indications of analysts’ recommendations providing investors with valuable information, especially in Taiwan. Statistics have proved that Strong Buy and Buy Portfolio have outperformed other portfolios and this is further substantiated by Sharpe Ratios analysis. These results put to question as to whether investors can rely on analysts’ recommendations as a basis for formulating their investment strategy. Furthermore, it raises the issue as to how differently should an investor approach the various recommendations. Another crucial finding from the study is the overwhelming proportion of Strong Buy, Buy and Hold recommendations from analysts in all the three markets, concluding similar findings with Womack (1996) and Jegadeesh et al. (2004) on the New York Stock Exchange.en_US
dc.format.extent50 p.en_US
dc.language.isoenen_US
dc.rightsNanyang Technological University
dc.subjectDRNTU::Business::Finance::Investmentsen_US
dc.titlePerformance of investment when investors strictly follow analysts' recommendation.en_US
dc.typeFinal Year Project (FYP)en_US
dc.contributor.supervisorCharlie Charoenwongen_US
dc.contributor.schoolCollege of Business (Nanyang Business School)en_US
dc.description.degreeBUSINESSen_US


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