Sell-side financial analysts and the CFA® program

Qiang Kang; Xi Li; Tie Su

doi:10.2469/faj.v74.n2.2

Sell-side financial analysts and the CFA^® program

Qiang Kang, Xi Li, Tie Su

Finance

Research output: Contribution to journal › Article › peer-review

3 Scopus citations

Abstract

We examine the effects the Chartered Financial Analyst^® (CFA) designation program has on recommendation performance and career outcomes of the analysts who complete the CFA Program and become CFA charterholders. For these analysts, both their recommendation performance and their chances of making Institutional Investor’s All-America Research Team increased during the 1993–2015 period. These effects are attributable to the CFA Program curriculum. The results remain largely stable over the pre- and post-2000 subperiods, and they survive an array of robustness checks.

Original language	English (US)
Pages (from-to)	70-83
Number of pages	14
Journal	Financial Analysts Journal
Volume	74
Issue number	2
DOIs	https://doi.org/10.2469/faj.v74.n2.2
State	Published - 2018

ASJC Scopus subject areas

Accounting
Finance
Economics and Econometrics

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Sell-side financial analysts and the CFA^® program

Abstract

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