As one of the important means of equity refinancing in listed corporations,the equity private placements have been widely concerned by the capital market. Based on equity private placements in A-share market from 2013 to 2015,the paper makes an empirical analysis on the factors influencing optimistic tendency of security analysts' recommendations from the perspective of the external environment and the analysts themselves. Empirical results show that underwriting relationship,analysts' high reputation and a...
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