Industry Recommendations: Characteristics, Investment Value, and Relation to Firm Recommendations
We study analysts’ industry recommendations. We find that the distribution of industry recommendations is quite balanced. Analysts show more optimism towards industries with high levels of R&D, past profitability and past returns. Industry recommendations possess investment value as portfolios b...
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| Main Authors: | , , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2010
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/2958 https://ink.library.smu.edu.sg/context/lkcsb_research/article/3957/viewcontent/ZachPaper092410.pdf |
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| Institution: | Singapore Management University |
| Language: | English |