Should Financial Gatekeepers be Publicly Traded?
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DOI: 10.1007/s10551-018-4044-6
Abstract: We investigate how a broker firm’s initial public offering (IPO) affects its analysts’ fiduciary duty of providing independent and objective recommendations. We find that the analysts of newly listed broker firms issue more positively biased… read more here.
Keywords: recommendation bias; listed broker; broker firms; financial gatekeepers ... See more keywords