Security analysts and capital market anomalies
We examine whether analysts use information in well-known stock return anomalies when making recommendations. We find results contrary to the common view that analysts are sophisticated information intermediaries who help improve market efficiency. Specifically, when analysts make more favorable rec...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2020
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/5937 https://ink.library.smu.edu.sg/context/lkcsb_research/article/6936/viewcontent/SSRN_id3101672.pdf |
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| Institution: | Singapore Management University |
| Language: | English |