Learning, Portfolio Complexity and Informational Asymmetry in Forecasts of Sell-Side Analysts
The aim of this study was to analyze the association of learning and complexity in the target price forecasts and sell-side analysts’ recommendations on the BM&FBovespa. The sample comprised forecasts of 195 stocks, 75 brokers and 569 analysts between 2005 and 2013, analyzed by linear models...
Main Author: | Melquiades Pereira de Lima Júnior |
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Format: | Article |
Language: | English |
Published: |
FUCAPE Business School
2017-01-01
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Series: | BBR: Brazilian Business Review |
Subjects: | |
Online Access: | http://www.redalyc.org/articulo.oa?id=123050102001 |
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