Celebrating Success: Chen Su

Congratulations to Dr Chen Su who has had a series of his UK analyst studies published/accepted and has been invited to join the Editorial Board of British Accounting Review.

Chen Su’s articles that have been recently published:

• Forbes WP, Murphy A, O’Keeffe C, Su C. Are financial analysts eager postmen of bubble psychology? Evidence in the United Kingdom. International Journal of Finance and Economics 2019 (https://doi.org/10.1002/ijfe.1732)
• Su C, Zhang H, Bangassa K, Joseph LN. On the investment value of sell-side analyst recommendation revisions in the UK. Review of Quantitative Finance and Accounting 2019, 53(1), 257-293 (https://doi.org/10.1007/s11156-018-0749-y)
• Su C, Zhang H. A time-series bootstrapping simulation method to distinguish sell-side analysts’ skill from luck (forthcoming). In: C.-F. Lee; J.C. Lee, ed. Handbook of Financial Econometrics, Mathematics, Statistics, and Machine Learning. World Scientific Publishing, 2020, pp.2011-2052 (https://doi.org/10.1142/11335)

The following item has been recently accepted:

• Su C, Zhang H, Hudson RS. The time-varying performance of analyst recommendation revisions: Do market conditions matter? Financial Markets, Institutions & Instruments 2020.

In these articles, Dr Chen Su and his co-authors conduct sell side analyst research in detail, in terms of the investment value of analysts’ advice and the impact of market conditions, using a comprehensive sample of UK stock recommendation revisions collected from a unique database – Morningstar Company Intelligence. They also develop a time-series bootstrapping simulation method to distinguish analysts’ skill from luck (i.e., random chance). This simulation method can also be applied to distinguish luck from skill when evaluating the calendar-time portfolio performance in other types of investments, such as mutual funds.