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?
Evaluating and rewarding the bank’s analysts on the basis of recommendations made by managers who are solely engaged in raising capital for clients
Using reports by the investment bank’s analysts to determine how best to raise capital for a client
Sharing the task of raising capital for a client with other investment banks
Ensuring that conflicts between analysts and those who raise capital for clients are carefully mediated and resolved by impartial arbitrators
Monitoring the success or failure of analysts’ current predictions about how companies will perform financially, in order to determine the value of future predictions
因为，D刚好将该argument的前半部分联系起来。因为存在矛盾，那么carefully mediated and resolved by impartial arbitrators.就必然要妥协和中和，从而不能保证unbiased.而Analyses of companies’ financial health need to be unbiased 是an investment bank is to achieve long-term success的必要条件。
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.
不理解紅色部份的意思 有人知道嗎?
If the statements above are true, which of the following practices, if adopted by an investment bank, would hinder its long-term success?
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发表于 2005-11-11 14:44:00
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