Do analyst recommendations matter for rival companies?
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DOI: 10.1016/j.irfa.2019.101380
Abstract: Abstract In this paper, we revisit the information spillover produced by analyst recommendations in the context of IPOs in China. Contrary to the contagion effect documented in the previous literature, we find a competitive effect,… read more here.
Keywords: analyst; recommendations matter; matter rival; ipo stocks ... See more keywords
Market Segmentation and Differential Reactions of Local and Foreign Investors to Analyst Recommendations
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DOI: 10.1093/rfs/hhx010
Abstract: This paper uses segmented dual-class shares of Chinese firms—A shares traded in mainland China by local investors and H shares traded in Hong Kong by foreign investors—to document a rich pattern in the differential reactions… read more here.
Keywords: reactions local; local foreign; analyst; differential reactions ... See more keywords
Informational content of options around analyst recommendations
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DOI: 10.1108/ijmf-04-2021-0168
Abstract: PurposeMore studies have investigated the relation between option measures and stock returns during scheduled corporate events. This study adds to the literature and investigates the informational role of options concerning stock returns following unscheduled corporate… read more here.
Keywords: stock returns; analyst recommendations; around analyst; option ... See more keywords
Analyst says a lot, but should you listen? Evidence from Russia
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DOI: 10.1108/jes-10-2018-0352
Abstract: Purpose - This study aims to examine whether the publication of analyst recommendations has reaction in the Russian stock market. This study also aims to determine the other factors that influence the reaction. Design/methodology/approach -… read more here.
Keywords: analyst; market; study; russian stock ... See more keywords