Issuing stock recommendations: Theory and evidence
In this paper, we investigate determinants of the market impact of stock recommendations issued by sell-side financial analysts. We propose a simple framework for understanding the process that financial analysts use to issue stock recommendations. The framework yields three testable predictions: Th...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2003
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/835 http://papers.ssrn.com/abstract=385524 |
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| Institution: | Singapore Management University |
| Language: | English |