Brokers’ Stock Ratings Distributions and the Returns from their Stock Recommendations: Evidence Post-NASD Rule2 711

Brokers’ Stock Ratings Distributions and the Returns from their Stock Recommendations: Evidence Post-NASD Rule2 711

NASD 2711 requires brokers to disclose their overall ratings distribution and the percentage of their investment banking customers within each rating. Based on research reports of 50 large brokers between 2003 and 2011, we find an upward trend in the overall buy percentage (BUY percentage) and a dec...

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Bibliographic Details
Main Authors: CHEN, Chih-Ying, CHEN, Kun-Chih
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2013
Subjects:
Broker recommendations
analyst recommendations
stocks
Accounting
Corporate Finance
Portfolio and Security Analysis
Online Access:https://ink.library.smu.edu.sg/soa_research/1091
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soa_research/1091

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