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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Main Authors:	Astaiza Gómez, José Gabriel, Perez Pacheco, Camilo Andrés
格式:	Online
语言:	eng
出版:	Universidad Pedagógica y Tecnológica de Colombia 2022
主题:	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
在线阅读:	https://revistas.uptc.edu.co/index.php/cenes/article/view/12638