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.
Favorable Versus Unfavorable 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.
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.
Overview and recommendations
Author:
Publisher:
ISBN:
Category : African American women
Languages : en
Pages : 100
Book Description
Publisher:
ISBN:
Category : African American women
Languages : en
Pages : 100
Book Description
Solid Waste Management and Resource Recovery
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
Book Description
Publisher:
ISBN:
Category : Refuse as fuel
Languages : en
Pages : 484
Book Description
Official Manual for the Use of the Courts, State and County Officials and General Assembly of the State of Kentucky
Official Manual for the Use of Courts, State and County Officials, and General Assembly of the State of Kentucky
Official Manual for the Use of the Courts, State and County Officials and General Assembly of the State of Kentucky
Author: Kentucky State Library
Publisher:
ISBN:
Category : Kentucky
Languages : en
Pages : 258
Book Description
Publisher:
ISBN:
Category : Kentucky
Languages : en
Pages : 258
Book Description
Equity Markets, Valuation, and Analysis
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.
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.
Modern Americanism
Author: John William Gibson
Publisher:
ISBN:
Category : Civics
Languages : en
Pages : 504
Book Description
Publisher:
ISBN:
Category : Civics
Languages : en
Pages : 504
Book Description
Federal Oil and Gas Leasing Act of 1979
Author: United States. Congress. Senate. Committee on Energy and Natural Resources. Subcommittee on Energy Resources and Materials Production
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 276
Book Description
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 276
Book Description
Regulation of New Drug R. & D. by the Food and Drug Administration, 1974
Author: United States. Congress. Senate. Committee on Labor and Public Welfare. Subcommittee on Health
Publisher:
ISBN:
Category : Drugs
Languages : en
Pages : 688
Book Description
Publisher:
ISBN:
Category : Drugs
Languages : en
Pages : 688
Book Description