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