Hedge Funds and Analyst Optimism

We find that analysts are more likely to issue favorable recommendations for stocks predominantly owned hedge funds. Moreover, these optimistic recommendations translate into poorer stock performance over the next three to six months. Hedge funds take advantage of these flattering reports by concurr...

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主要作者: TEO, Melvyn
格式: text
語言:English
出版: Institutional Knowledge at Singapore Management University 2010
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在線閱讀:https://ink.library.smu.edu.sg/bnp_research/34
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1031&context=bnp_research
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機構: Singapore Management University
語言: English