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

Print

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

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