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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Autors principals:	Astaiza Gómez, José Gabriel, Perez Pacheco, Camilo Andrés
Format:	Online
Idioma:	eng
Publicat:	Universidad Pedagógica y Tecnológica de Colombia 2022
Matèries:	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
Accés en línia:	https://revistas.uptc.edu.co/index.php/cenes/article/view/12638