The Determinants and Impacts of Analyst Activity in Australian Equity Markets

澳大利亚股票市场分析师活动的决定因素和影响

• 批准号: LP0669252
• 负责人: Prof Baljit Sidhu
• 金额: $ 17.81万
• 依托单位: The University of New South Wales
• 依托单位国家: 澳大利亚
• 项目类别: Linkage Projects
• 财政年份: 2007
• 资助国家: 澳大利亚
• 起止时间: 2007-03-31 至 2012-06-01
• 项目状态: 已结题
• 来源: https://dataportal.arc.gov.au/RGS/Web/Grants/LP0669252
• 关键词: Determinants; Impacts; Analyst; Activity; Australian

Deep and liquid markets are essential ingredients to a well functioning capital market, and can assist in capital formation and the growth of firms. A rich information environment is in turn necessary to ensure liquidity and the minimisation of cost of capital. A greater understanding of what promotes a rich information environment, specifically through the activity of financial analysts, will assist in formulation of policies at both the Australian Stock Exchange and individual company level, and indeed at the government level given Federal and State Government initiatives to encourage the growth of corporate Australia.

深度和流动性市场是资本市场运作良好的基本要素，有助于资本形成和公司成长。 丰富的信息环境反过来又是确保流动性和最大限度地降低资本成本所必需的。 更好地了解是什么促进了丰富的信息环境，特别是通过金融分析师的活动，将有助于在澳大利亚证券交易所和个别公司一级制定政策，实际上也有助于在政府一级制定政策，因为联邦和州政府采取了鼓励澳大利亚公司发展的举措。