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Author: Shuping Chen Publisher: ISBN: Category : Languages : en Pages :
Book Description
This study examines recent regulatory and practitioner concerns that managers provide more (less) information to analysts with more (less) favorable stock recommendations. We examine the relative forecast accuracy of analysts before and after a recommendation issuance under the assumption that increases (decreases) to management-provided information will increase (decrease) analysts' relative forecast accuracy. We find that analysts issuing more favorable recommendations experience a greater increase in their relative forecast accuracy compared to analysts with less favorable recommendations. Additional tests on the change in frequency with which analysts issue forecasts independent of or in conjunction with other analysts after their recommendation change yield corroborating results. In addition, we find that the greater increase in relative accuracy for analysts with more favorable recommendations exists prior to the passage of Regulation FD but not after. The combined results are consistent with analysts receiving relatively more management-provided information following the issuance of more favorable recommendations.
Author: Shuping Chen Publisher: ISBN: Category : Languages : en Pages :
Book Description
This study examines recent regulatory and practitioner concerns that managers provide more (less) information to analysts with more (less) favorable stock recommendations. We examine the relative forecast accuracy of analysts before and after a recommendation issuance under the assumption that increases (decreases) to management-provided information will increase (decrease) analysts' relative forecast accuracy. We find that analysts issuing more favorable recommendations experience a greater increase in their relative forecast accuracy compared to analysts with less favorable recommendations. Additional tests on the change in frequency with which analysts issue forecasts independent of or in conjunction with other analysts after their recommendation change yield corroborating results. In addition, we find that the greater increase in relative accuracy for analysts with more favorable recommendations exists prior to the passage of Regulation FD but not after. The combined results are consistent with analysts receiving relatively more management-provided information following the issuance of more favorable recommendations.
Author: H. Kent Baker Publisher: John Wiley & Sons ISBN: 1119632935 Category : Business & Economics Languages : en Pages : 448
Book Description
Sharpen your understanding of the financial markets with this incisive volume Equity Markets, Valuation, and Analysis brings together many of the leading practitioner and academic voices in finance to produce a comprehensive and empirical examination of equity markets. Masterfully written and edited by experts in the field, Equity Markets, Valuation, and Analysis introduces the basic concepts and applications that govern the area before moving on to increasingly intricate treatments of sub-fields and market trends. The book includes in-depth coverage of subjects including: · The latest trends and research from across the globe · The controversial issues facing the field of valuation and the future outlook for the field · Empirical evidence and research on equity markets · How investment professionals analyze and manage equity portfolios This book balances its comprehensive discussion of the empirical foundations of equity markets with the perspectives of financial experts. It is ideal for professional investors, financial analysts, and undergraduate and graduate students in finance.
Author: United States. Congress. Senate. Committee on Labor and Public Welfare. Subcommittee on Health Publisher: ISBN: Category : Drugs Languages : en Pages : 688
Author: United States. Congress. House. Committee on Government Operations. Conservation, Energy, and Natural Resources Subcommittee Publisher: ISBN: Category : Refuse as fuel Languages : en Pages : 484
Author: Association of Research Libraries. Systems and Procedures Exchange Center Publisher: Association of Research Libr ISBN: Category : Academic librarians Languages : en Pages : 128
Author: Shuping Chen
Author: Shuping Chen
Author: 
Author: Frank K. Kavanaugh
Author: H. Kent Baker
Author: Kentucky State Library
Author: Kentucky
Author: United States. Congress. Senate. Committee on Labor and Public Welfare. Subcommittee on Health
Author: United States. Congress. House. Committee on Government Operations. Conservation, Energy, and Natural Resources Subcommittee
Author: John William Gibson
Author: Association of Research Libraries. Systems and Procedures Exchange Center