Time to payoff: Efficacy of analyst recommendations in the Indian stock market

Time to payoff: Efficacy of analyst recommendations in the Indian stock market

Abnormal excess returns are often used to measure the profitability of analyst recommendations. We study the liquidity of recommended strategies, by modelling the time to payoff. Using an event study methodology, we find that target prices are reached in about 43% of 392 technical calls and 52% of 2...

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Bibliographic Details
Main Authors: Devlina Chatterjee, Saurabh Kumar, Purba Chatterjee
Format: Article
Language:English
Published: Elsevier 2020-06-01
Series:IIMB Management Review
Subjects:
Analyst recommendations
Technical analysis
Fundamental analysis
Survival analysis
Stock market
Liquidity
Online Access:http://www.sciencedirect.com/science/article/pii/S0970389617301751

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http://www.sciencedirect.com/science/article/pii/S0970389617301751

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