证券公司合规文化对分析师盈余预测准确性的影响

发布时间：2017-12-28 23:17

本文关键词：证券公司合规文化对分析师盈余预测准确性的影响　出处：《会计之友》2017年09期 　论文类型：期刊论文

【摘要】：当面临没有规则可循、规则不清或者即使有规则也可能导致错误决策时,组织的文化、诚信和道德标准等软要素将成为员工的行为准则。文章以2013—2015年期间我国证券分析师对上市公司盈余预测数据为样本,实证研究证券公司合规文化对分析师盈余预测准确性的影响。研究发现,证券公司合规文化水平与证券分析师盈余预测准确性之间存在显著的正相关关系;证券公司合规文化水平与其分析师盈余预测的策略性偏差具有较强的相关性。建议证券公司建立信用机制,完善合规管理,提升内部控制的规范程度;监管部门引导分析师加强行业自律行为的同时,加强司法行政管理。
[Abstract]:When faced with no rules to follow, rules unclear or even rules may lead to wrong decisions, organizational culture, integrity and moral standards will become employees' code of conduct. Based on the data from China's securities analysts' earnings forecasts from 2013 to 2015, this paper empirically studies the impact of the compliance culture of the securities companies on the accuracy of analysts' earnings forecasts. It is found that there is a significant positive correlation between the compliance level of securities companies and the accuracy of securities analysts' earnings forecasts. There is a strong correlation between the compliance level of securities companies and the strategic bias of analysts' earnings forecasts. It is suggested that securities companies should establish credit mechanism, improve compliance management and enhance the standard of internal control, while regulators should guide analysts to enhance self-discipline and strengthen judicial administration.
【作者单位】：兰州理工大学经济管理学院;
【分类号】：F832.51
【正文快照】： 股票承销业务和经纪业务的佣金收入是证券公司营业收入的重要来源,证券分析师有充分的动机通过向投资者提供分析报告,为所在公司创造价值。证券分析师的专业性特征,使得其盈余预测行为受到证券市场参与者的广泛关注,盈余预测质量对证券市场价格的走势和波动以及投资者利益具有

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