The effects of securities analysts' metacognitive ability on stock recommendation confidence judgment and accuracy as a function of stock brokerage firm's ranking in the brokerage industry
Date of Publication
2005
Document Type
Bachelor's Thesis
Degree Name
Bachelor of Science in Commerce Major in Management of Financial Institutions
Subject Categories
Finance and Financial Management
College
Ramon V. Del Rosario College of Business
Department/Unit
Financial Management
Thesis Adviser
Leonardo B. Araneta
Defense Panel Member
Joseph James F. Lago
Edser D.Trinidad
Gildbert Lopez
Abstract/Summary
Studies have shown that the stock market environment is influenced by many irrational behaviors rooted from individual biases, preferences, judgments and experiences. These irrational behaviors become the focus in behavioral finance as these behaviors have the power to lead to substantial market inefficiency. This study focuses on the application of behavioral finance in explaining the stock market environment. Particularly, this study focuses in finding the effect of the security analysts' metacognitive ability-- the assessment and management of one's own knowledge, on stock recommendation confidence judgment and accuracy in confidence judgment as a function of the stock brokerage firm's ranking in the brokerage industry. Proponents of this study include 30 security analysts to answer survey questionnaires. An analysis of variance is used to investigate the data collected from the survey questionnaires. Results of this study reveal that the security analyst's metacognitive ability has a main effect on the accuracy of confidence judgment. Furthermore, the security analyst's metacognitive ability reveals a significant difference on the brokerage ranking in the brokerage industry.
Abstract Format
html
Language
English
Format
Accession Number
TU21218
Shelf Location
Archives, The Learning Commons, 12F, Henry Sy Sr. Hall
Physical Description
87, [18] leaves
Keywords
Investments--Psychological aspects; Investments--Decision making
Recommended Citation
Estrada, A. M., Orocio, K., & Purugganan, M. R. (2005). The effects of securities analysts' metacognitive ability on stock recommendation confidence judgment and accuracy as a function of stock brokerage firm's ranking in the brokerage industry. Retrieved from https://animorepository.dlsu.edu.ph/etd_bachelors/18350
