Firm-specific information, analysts’ superiority and investment value
Using a sample of Chinese security analysts’ recommendations from 2005 to 2010, we examine the source of analysts’ superiority and the investment value of their recommendations. Using a calendar-time portfolio approach, we find that, on average, analysts’ recommendations are valuable and that analys...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2014-12-01
|
| Series: | China Journal of Accounting Research |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S1755309114000367 |