Equity Analyst Reports and Stock Prices

In this paper we carry out cointegration analyses, in order to study whether the relationship between analysts’ recommendations and their projected capital gains (or losses), is consistent with the hypothesis that sell recommendations are costlier than buy recommendations. We find that recommendatio...

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Bibliographic Details

Main Authors:	Astaiza Gómez, José Gabriel, Perez Pacheco, Camilo Andrés
Format:	Online
Language:	eng
Published:	Universidad Pedagógica y Tecnológica de Colombia 2022
Subjects:	sell-side analysts intrinsic value trading incentives informational value access to information analistas sell-side valor intrínseco incentivos de trading valor informacional acceso a la información
Online Access:	https://revistas.uptc.edu.co/index.php/cenes/article/view/12638