摘要
本文是对我国证券分析师1994-2003年1156份“年报分析”的调查。我们发现,总体上看,证券分析师对年报信息的使用能力在提高,对管理信息和会计信息的使用频率都有所上升,且会计信息的使用比例远高于管理信息。但是,在会计信息中,对盈利能力特别关注。此外,证券分析师使用的财务分析工具和方法一般还只停留在常用比率分析上。在这类分析报告中,很少有预测分析。可以说,预测分析是我国证券分析中最为薄弱的地方之一,也很少有分析师根据分析结果给出具体的买卖建议。
This work investigates the 'the Study on Annual Report' of analysts in China from 1994 - 2003. We find, in general, the capability for the analysts of using the information has been improved, and the frequency of using the information of management and accounting is going up, while the accounting information is used much more than the management information. However, people seems to care too much about the information of earning capability. And, the analytic level of using financial tools is lower not beyond the normal ratio. Very little forecast works are observed in those reports, neither the trade suggestions, which seems a serious problem in our analyst company reports.
出处
《会计研究》
CSSCI
北大核心
2003年第11期14-20,共7页
Accounting Research
基金
上海证券交易所横向联系课题<中国证券市场信息分析与运用能力研究>阶段性成果