Hedge Funds and Analyst Optimism

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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Bibliographic Details
Main Author: TEO, Melvyn
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2010
Subjects:
Hedge funds
stock recommendations
stock performance
Finance and Financial Management
Online Access: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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Institution: Singapore Management University
Language: English

Internet

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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