Institutional holdings and analysts’ stock recommendations
Prior studies document that institutional investors outperform the mar- ket. We investigate whether this superior performance is partly derived from institutional investors use of sell-side analysts stock recommenda- tions. First, we find that the quarterly change in institutional ownership is posit...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2006
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/828 https://ink.library.smu.edu.sg/context/soa_research/article/1827/viewcontent/SSRN_id309842.pdf |
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| Institution: | Singapore Management University |
| Language: | English |