Measuring the added value of stock recommendations

Measuring the added value of stock recommendations

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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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Библиографические подробности
Главные авторы:	Jones, H, Anderson, A, Martinez, J
Формат:	Conference item
Опубликовано:	European Finance Association 2016

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