The Cross-Section of Analyst Recommendations
نویسندگان
چکیده
منابع مشابه
Sell Recommendations, Market Sentiment, and Analyst Credibility
We find that market reactions to an analyst’s earnings forecasts are weaker when conditioned on the number of prior sell recommendations that the analyst makes for other firms that he follows. This effect is most prominent in periods of high market sentiment (e.g., the 1997-2001 period) and is stronger for glamour firms. This effect does not arise from sell recommendations being a proxy for low...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2004
ISSN: 1556-5068
DOI: 10.2139/ssrn.590123