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Article
Peer-Review Record

Analyst’s Target Price Revision and Dealer’s Trading Behavior Analysis: Evidence from Taiwanese Stock Market

Sustainability 2023, 15(4), 3593; https://doi.org/10.3390/su15043593
by Tsung-Yu Hsieh 1, Tsai-Yin Lin 2,*, Fangjhy Li 3 and Yi-Ting Huang 2
Reviewer 1:
Reviewer 2:
Reviewer 3:
Reviewer 4:
Sustainability 2023, 15(4), 3593; https://doi.org/10.3390/su15043593
Submission received: 9 January 2023 / Revised: 5 February 2023 / Accepted: 10 February 2023 / Published: 15 February 2023
(This article belongs to the Section Economic and Business Aspects of Sustainability)

Round 1

Reviewer 1 Report

Decision: Major Revision

 

The paper is well written, but novelty is not fully explained. I do recommend the publications, but after substantial modifications.

 

1.     The novelty of any research work should be clearly covered in Abstract. Here are few pointers to make your abstract look more interesting for the readers. Abstract should contains the research gap, which authors will cove in their work. It should include a brief problem statement, what key solution already exists, where is the research gap, and how the proposed framework fill that gap.

2.     Highlight the contribution as a bullet point at the end of the introduction section.

3.     I would suggest that authors would look into meta-heuristic algorithms, which are widely used these days to solve several real world problems including multi-agent control problem.  PSO, GA, and BAS are some of the known algorithms. Authors should give these publications a read, it will help them to explore other domains as well:

a.     Smart Surgical Control Under RCM Constraint Using Bio-inspired Network

b.     Control framework for cooperative robots in smart home using bio-inspired neural network.

c.     Obstacle avoidance and model‐free tracking control for home automation using bio‐inspired approach

4.     Without proper comparison, the novelty further weakens. No figures as well.

5.     What are limitations of the proposed method? And state some future direction, which may help other researchers.

 

Additional Comments:

1.     Overall, the manuscript is well written.

2.     There are minor grammatical mistakes so, read the manuscript to further polish the language.

Author Response

Thanks for your comments.

we have devoted our best effort to revise the paper based on the comments.

Best Regards!

Author Response File: Author Response.pdf

Reviewer 2 Report

Strengthen the conclusion section by providing suggestions for future research and discussing the limitation of the study.

Author Response

Thanks for your comments.

we have devoted our best effort to revise the paper based on the comments.

Best Regards!

Author Response File: Author Response.pdf

Reviewer 3 Report

Dear Authors,

the topic is interesting, also from the point of view of stock market investments  in Taiwan.

1. The title is: “Analyst’s Target Price Revision and Dealer’s Trading Behavior Analysis”.

Please consider extending the title with information about the stock market in Taiwan.

2. The Introduction is long and Includes elements of a Literature review.

3. For example (line 357) table 2. Once is: (0.015*), once is: (4,198). Please check whether this entry is correct, according to the Sustaiability editorial requirements?

4. In the Future, it would be interesting to conduct research for the years 2020-2022.

5. “Sustainability is an international, cross-disciplinary, scholarly, peer-reviewed and open access journal of environmental, cultural, economic, and social sustainability of human beings. It provides an advanced forum for studies related to sustainability and sustainable development…”. (Source: https://www.mdpi.com/journal/sustainability).

 

Please consider supplementing the content with the links of Your research to sustainability issues.

Best Regards

 

Author Response

Thanks for your comments.

we have devoted our best effort to revise the paper based on the comments.

Best Regards!

Author Response File: Author Response.pdf

Reviewer 4 Report

I think this is a very interesting article. Although the statistical methods used are very simple, they are sufficient at a minimal level. But I have one remark: “5. Conclusions” lacks a clear reference to the hypotheses presented in line 174 and in line 221-222. I suggest a thorough overhaul of the summary. In addition, I have a few minor comments, but they are debatable and result from my misunderstanding of Taiwanese realities.

 

 

Author Response

Thanks for your comments.

we have devoted our best effort to revise the paper based on the comments.

Best Regards!

Author Response File: Author Response.pdf

Round 2

Reviewer 1 Report

No comments. It is acceptable now.

 

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