An analysis of new buy and sell recommendations of stocks by security analysts at major US
brokerage firms shows significant, systematic discrepancies between prerecommendation …

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 …

This study shows that financial analysts of brokerage firms that provide investment banking
services to a company (investment banker analysts) are optimistic, relative to other …

In this paper we examine the association between security returns and two attributes of sell-
side analyst reports, stock recommendations (new and reiterated) and earnings forecast …

Since the early 1980s, earnings forecasting research has become much more closely
aligned with capital markets research. Capital markets research requires a proxy for the …

The Morning Call and Midday Call segments on CNBC TV provide a unique opportunity to
study the efficient market hypothesis. The segments report analysts' views about individual …

The Mediation of Power investigates how those in positions of power use and are influenced
by media in their everyday activities. Each chapter examines this theme through an …

The purpose of this paper is to show that investors' reactions to information in financial
analysts' research reports depend on characteristics of both the analyst and the report. Much …

This paper focuses on stocks that experience major price changes. Using analyst reports as
a proxy, I find that price events accompanied by information are followed by drift, while no …

Financial analysts employed by securities firms play an important role in the capital markets.
Most importantly, the reports that they produce are given great consequence by many …