The impact of NASD Rule 2711 and NYSE Rule 472 on analyst behavior: The strategic timing of recommendations issued on weekends

• Main Authors: DONG, Yi, HU, Nan
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2016
• Subjects: analyst recommendations; limited attention; market inefficiency; weekend; NASD Rule 2711; NYSE Rule 472; Databases and Information Systems; Finance and Financial Management; Portfolio and Security Analysis
• Online Access: https://ink.library.smu.edu.sg/sis_research/8014; https://ink.library.smu.edu.sg/context/sis_research/article/9017/viewcontent/ImpactNASDrule_av.pdf
• Institution: Singapore Management University

Amendments to NASD Rule 2711 and NYSE Rule 472, enacted in May 2002, mandate that sell-side analysts disclose the distribution of their security recommendations by buy, hold and sell category. This regulation enhances the transparency of analysts' information and mitigates the long-recognized o...