An analysis of stockbroking firms' recommendations

• Main Authors: Ang, Alan Sow Leng, Ng, Hock Sin, Quah, Peter Kok Wee
• Other Authors: Nanyang Business School
• Format: Final Year Project
• Language: English
• Published: 2014
• Subjects: DRNTU::Business
• Online Access: http://hdl.handle.net/10356/58579
• Institution: Nanyang Technological University

The market effi ciency theo ry assumes that all securities are correctly priced. However, most stockbroking firms do provid e stock recommendations which aim to ' beat the market'. Hence, if the market is efficient, one wonders what the economic value of security analy...