Wealth transfer effects of analysts’ misleading behavior
We investigate a sample of 50 firm events, identified in the Global Research Analysts Settlement, in which analysts were discovered to have acted misleadingly ex-post. In this setting, analysts' incentives caused them to issue public disclosures that differed from their private beliefs. We docu...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2007
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/soa_research/1599 https://ink.library.smu.edu.sg/context/soa_research/article/2626/viewcontent/FRANCO_et_al_2007_Journal_of_Accounting_Research__1_.pdf |
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| Institution: | Singapore Management University |
| Language: | English |