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...
| Κύριοι συγγραφείς: | , , |
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| Μορφή: | Conference item |
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European Finance Association
2016
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