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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Main Authors:	Ravi Lonkani, Anya Khanthavit, Pornchai Chunahachinda
Format:	Journal
Published:	2018
Subjects:	Economics, Econometrics and Finance
Online Access:	https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=76549099113&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/50753
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Institution:	Chiang Mai University

id	th-cmuir.6653943832-50753
record_format	dspace
spelling	th-cmuir.6653943832-507532018-09-04T04:45:09Z The value of analysts' recommendations in the thai stock market Ravi Lonkani Anya Khanthavit Pornchai Chunahachinda Economics, Econometrics and Finance 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. 2018-09-04T04:45:09Z 2018-09-04T04:45:09Z 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/6653943832/50753
institution	Chiang Mai University
building	Chiang Mai University Library
country	Thailand
collection	CMU Intellectual Repository
topic	Economics, Econometrics and Finance
spellingShingle	Economics, Econometrics and Finance Ravi Lonkani Anya Khanthavit Pornchai Chunahachinda The value of analysts' recommendations in the thai stock market
description	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	Ravi Lonkani Anya Khanthavit Pornchai Chunahachinda
author_facet	Ravi Lonkani Anya Khanthavit Pornchai Chunahachinda
author_sort	Ravi Lonkani
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	2018
url	https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=76549099113&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/50753
_version_	1681423646642405376

The value of analysts' recommendations in the thai stock market

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