Hedge Funds and Analyst Conflict of Interest

Hedge Funds and Analyst Conflict of Interest

Are sell-side analysts reluctant to go against the investment views of their hedge fund clients? We show that analysts tend to upgrade stocks recently bought and downgrade stocks recently sold by hedge funds. Relative to other buy and strong buy recommendations, similar recommendations on stocks pre...

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Bibliographic Details
Main Authors: CHUNG, Sung Gon, TEO, Melvyn
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2012
Subjects:
analysts
hedge funds
agency
conflicts of interests
Accounting
Finance and Financial Management
Portfolio and Security Analysis
Online Access:https://ink.library.smu.edu.sg/soa_research/996
https://ink.library.smu.edu.sg/context/soa_research/article/1995/viewcontent/HedgeFundsAnalystConflict_2012.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soa_research/996
https://ink.library.smu.edu.sg/context/soa_research/article/1995/viewcontent/HedgeFundsAnalystConflict_2012.pdf

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