The Usefulness of Analysts’ Target Prices to Foreign Institutional Investors: U.S. Evidence
This paper investigates whether foreign institutional investors in the United States earn future returns by responding to analysts target price revisions. to examine this issue, this study is using firm fixed effect and industry fixed effect regression in order to examine the effect of using analyst...
Main Authors: | , , |
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Format: | Article |
Language: | English |
Published: |
University of Wollongong
2020-12-01
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Series: | Australasian Accounting, Business and Finance Journal |
Subjects: | |
Online Access: | https://ro.uow.edu.au/aabfj/vol14/ iss5/4 |