Are analysts biased? : an analysis of analysts' stock recommendations for stocks that perform contrary to expectations
The finance literature suggests that analysts’ stock recommendations have negligible impact on market prices. Some studies suggest this lack of market impact may be partly driven by the affiliations between investment banks and the firms their brokerage arms cover (conflicts of interest). However, m...
| Main Author: | |
|---|---|
| Other Authors: | |
| Published: |
Cranfield University
2005
|
| Subjects: | |
| Online Access: | http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.484618 |