请教GWD！！！！！！！！

crystalhuang · 发表于 2010-5-6 16:15:38

Q40:
Investment banks often have conflicting roles. They sometimes act for a client company by raising capital from other investment institutions as advantageously as possible, but their analysts also sometimes send unfavorable reports on the financial health of companies for whom they are raising capital to other clients who wish to make investments. Analyses of companies’ financial health need to be unbiased if an investment bank is to achieve long-term success.

If the statements above are true, which of the following practices, if adopted by an investment bank, would hinder its long-term success?

A.   Evaluating and rewarding the bank’s analysts on the basis of recommendations made by managers who are solely engaged in raising capital for clients
B.   Using reports by the investment bank’s analysts to determine how best to raise capital for a client
C.   Sharing the task of raising capital for a client with other investment banks
D.   Ensuring that conflicts between analysts and those who raise capital for clients are carefully mediated and resolved by impartial arbitrators
E.   Monitoring the success or failure of analysts’ current predictions about how companies will perform financially, in order to determine the value of future predictions
Answer: A

wyw1018 · 发表于 2012-8-21 11:04:03

这样考虑这个问题：
1，银行分析员在分析一个公司的财务状况时应该处于中立客观，实事求是的反应客户财务状况，这样才不biased；
2，而帮客户融资的经理会倾向于选择对客户有利的财务报告这样融资成功性高，即融资经理有biased倾向。
现在A中把分析员和融资经理的业绩挂钩，就会产生这样的现象：如果分析员的财务报告对客户不利，融资经理就不会用，这样融资经理和分析员的业绩都下降，就会促使分析员把财务报告往对客户有利的方向写，才能让融资经理多选用和成功融资，分析员业绩也相应提高，因而出现biased，不利于投资银行长久发展。

这个问题我发现Manhattan 论坛的牛人Ron也做错了，他选了B。

典座 · 发表于 2020-7-5 02:05:46

有没有prep的标准答案？？
我支持A。没有gap，逻辑很通。

文章：投资银行扮演相反角色。
他们为客户公司从其他投资机构融资，他们的分析师也发送不怎么有利的被投资公司的资产报告给其他希望投资的客户机构。
公司资产报告的分析需要可观，如果一个投资银行希望长久发展。
问：上面信息都对的话，下面那一项如果被投资银行使用会影响长期发展？

猜想：（反向推理）影响长期发展→报告不客观→分析师有问题

A：基于融资公司推荐的分析师的评价和奖励的银行。
分析师如果是融资公司推荐的，那么分析师的报告就很可能会不客观，因此影响长远发展。

请教GWD！！！！！！！！

所属分类: GMAT考试

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