When are analyst recommendation changes influential?
The existing literature measures the contribution of analyst recommendation changes using average stock-price reactions. With such an approach, recommendation changes can have a significant impact even if no recommendation has a visible stock-price impact. Instead, we call a recommendation change in...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2011
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| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/3127 https://ink.library.smu.edu.sg/context/lkcsb_research/article/4126/viewcontent/Ink_version_RFS2011_Loh_and_Stulz.pdf https://ink.library.smu.edu.sg/context/lkcsb_research/article/4126/filename/0/type/additional/viewcontent/Loh_and_Stulz_2010_Internet_Appendix.pdf |
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| Institution: | Singapore Management University |
| Language: | English |