Measuring the added value of stock recommendations

Using data from the Stockholm Stock Exchange we study the value added by (as distinct from the abnormal returns to) analysts’ recommendations. Recommending brokers’ clients trade profitably around positive recommendations at the expense of the clients of brokers without analyst coverage. Significant...

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Autors principals: Jones, H, Anderson, A, Martinez, J
Format: Conference item
Publicat: European Finance Association 2016

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