South China Morning Post Markets Make The Grade For Excitement But Not Textbooks Excerpt: The pass rate has an inverse relation with equity market performances, according to some CFA holders. The theory goes that a strong stock market distracts students' concentration on studies as they get more returns from stocks than books. Other supporting evidence lies in the widely reported "CFA effect" in June, when global markets had a significant drop in turnover because many financial practitioners are taking study leave for the examinations. This year, we understand 98,000 registered for the exams, up about 16 percent. Yet about 26.6 percent did not show up on exam day, cutting to 71,897 the number of candidates who actually took the exams.
发表于 2008-7-7 18:32
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