Home Biased Analysts in Emerging Markets
We find that local analyst recommendations are systematically more optimistic than foreign analyst recommendations in emerging markets. The effects of this novel home bias among local analysts overwhelm any information asymmetry between foreign and local analysts. Consequently, local analyst upgrade...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2008
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/2608 https://ink.library.smu.edu.sg/context/lkcsb_research/article/3607/viewcontent/Home_Biased_Analysts_in_Emerging_Markets.pdf |
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| Institution: | Singapore Management University |
| Language: | English |