Investment banks often have conflicting roles. They sometimes act for a client company by raising ca...

题目信息

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

参考答案及共享解析

共享解析来源为网络权威资源、GMAT高分考生等；如有疑问，欢迎在评论区提问与讨论

正确答案： 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

投资银行经常扮演相互冲突的角色。有时候他们得要为乙方从其他大买方那里筹钱，但是有的时候一些分析师得要把关于乙方公司财务状况不好的报告发送给这些大买方，但是对于投行来说，能做到写一些unbiased的报告是他们能成功下去的关键。

A选项正确。说评价分析师的好坏完全是由哪些为乙方筹钱的经理决定的，那么分析师肯定会倾向于为这些经理写一些biased的报告。

笔记