The value of analysts' recommendations in the thai stock market
Analysts' recommendations are especially important as they provide useful and straightforward information to investors. Using I/B/E/S data of analysts' recommendations from 1993 to 2002, we find analysts' recommendations convey similar informative 'value' to the Thai market....
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th-cmuir.6653943832-433562017-09-28T06:55:13Z The value of analysts' recommendations in the thai stock market Lonkani R. Khanthavit A. Chunahachinda P. Analysts' recommendations are especially important as they provide useful and straightforward information to investors. Using I/B/E/S data of analysts' recommendations from 1993 to 2002, we find analysts' recommendations convey similar informative 'value' to the Thai market. Our results on a calendar-time approach indicate that a momentum trading strategy is appropriate for the 'strong buy' recommendations. Our research highlights the existence of 'insider' aspects associated with the recommendations. © EuroJournals Publishing, Inc. 2010. 2017-09-28T06:55:12Z 2017-09-28T06:55:12Z 2010-02-01 Journal 14502887 2-s2.0-76549099113 https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=76549099113&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/43356 |
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Analysts' recommendations are especially important as they provide useful and straightforward information to investors. Using I/B/E/S data of analysts' recommendations from 1993 to 2002, we find analysts' recommendations convey similar informative 'value' to the Thai market. Our results on a calendar-time approach indicate that a momentum trading strategy is appropriate for the 'strong buy' recommendations. Our research highlights the existence of 'insider' aspects associated with the recommendations. © EuroJournals Publishing, Inc. 2010. |
| format |
Journal |
| author |
Lonkani R. Khanthavit A. Chunahachinda P. |
| spellingShingle |
Lonkani R. Khanthavit A. Chunahachinda P. The value of analysts' recommendations in the thai stock market |
| author_facet |
Lonkani R. Khanthavit A. Chunahachinda P. |
| author_sort |
Lonkani R. |
| title |
The value of analysts' recommendations in the thai stock market |
| title_short |
The value of analysts' recommendations in the thai stock market |
| title_full |
The value of analysts' recommendations in the thai stock market |
| title_fullStr |
The value of analysts' recommendations in the thai stock market |
| title_full_unstemmed |
The value of analysts' recommendations in the thai stock market |
| title_sort |
value of analysts' recommendations in the thai stock market |
| publishDate |
2017 |
| url |
https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=76549099113&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/43356 |
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1681422362501709824 |