1.

Record Nr.

UNINA9910962940103321

Autore

Groysberg Boris

Titolo

Wall Street research : past, present, and future / / Boris Groysberg and Paul M. Healy

Pubbl/distr/stampa

Stanford, Calif., : Stanford Economics and Finance, 2013

ISBN

9780804787123

0804787123

Edizione

[1st ed.]

Descrizione fisica

xiv, 181 p. : ill

Altri autori (Persone)

HealyPaul M

Disciplina

332.63/2042

Soggetti

Investment analysis - United States

Investment advisors - United States

Stocks - Research - United States

Securities industry - United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Bibliographic Level Mode of Issuance: Monograph

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Front matter -- Contents -- Preface -- Acknowledgments -- 1. The Rise and Fall of Equity Research at Prudential -- 2. What Do Analysts Do, and How Are They Managed? -- 3. Sell-Side Research: The History of an Information Good -- 4. Investment Banking Model Challenges -- 5. Challenges to Trading Commission Model -- 6. The Performance of Sell-Side Analysts Revisited -- 7. The Future of Sell-Side Research in the United States -- 8. Sell-Side Research in Emerging Markets -- 9. Conclusions -- Notes -- Index

Sommario/riassunto

Wall Street Research: Past, Present, and Future provides a timely account of the dramatic evolution of Wall Street research, examining its rise, fall, and reemergence. Despite regulatory, technological, and global forces that have transformed equity research in the last ten years, the industry has proven to be remarkably resilient and consistent. Boris Groysberg and Paul M. Healy get to the heart of Wall Street research—the analysts engaged in the process—and demonstrate how the analysts' roles have evolved, what drives their performance today, and how they stack up against their buy-side counterparts. The book unpacks key trends and describes how different firms have coped with shifting pressures. It concludes with an assessment of where



equity research is headed in emerging markets, drawing conclusions about this often overlooked corner of Wall Street and the industry's future challenges.