Information content of equity analyst reports

We catalog the complete contents of Institutional Investor All-American analyst reports and examine the market reaction to their release. Including the justifications supporting an analyst's opinion reduces, and in some models eliminates, the significance of earnings forecasts and recommendatio...

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Veröffentlicht in:	Journal of financial economics 2005-02, Vol.75 (2), p.245-282
Hauptverfasser:	Asquith, Paul, Mikhail, Michael B., Au, Andrea S.
Format:	Artikel
Sprache:	eng
Schlagworte:	Earnings forecasting Earnings forecasts Equity Finance Financial economics Information Institutional investments Price targets Security analysts Stock recommendations Studies Valuation
Online-Zugang:	Volltext
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