Economic value of analyst recommendations in Australia: an application of the Black–Litterman asset allocation model

PW He, A Grant, J Fabre - Accounting & Finance, 2013 - Wiley Online Library
This study empirically examines the investment value of security analyst recommendations
on constituent stocks of the S&P/ASX 50 index. We find that stocks with favourable …

[HTML][HTML] Stock recommendations and investment portfolio formation: A study in the Brazilian market

RM Antônio, FG Lima, TP Junior - Contaduría y administración, 2015 - Elsevier
The stock analysts have a relevant role in the capital market, since, directly or indirectly, they
contribute to the paper pricing and to the composition of the investment portfolio. The …

Analysts' recommendations: from which signal does the market take its lead?

R Brown, HWH Chan, YK Ho - Review of Quantitative Finance and …, 2009 - Springer
The stock market may respond to the difference between an analyst's recommendation and
that analyst's previous recommendation and/or to the difference between the analyst's …

Asymmetric effects of sell-side analyst optimism and broker market share by clientele

A Grant, E Jarnecic, M Su - Journal of Financial Markets, 2015 - Elsevier
This paper provides evidence for the first time on how different broker clienteles react to
earnings forecast and stock recommendations. Greater trade volume is found to be …

Does the value of recommendations depend on the level of optimism? A country-based analysis

M Balboa, JC Gomez-Sala… - Journal of Multinational …, 2008 - Elsevier
This paper analyzes the value of analysts' consensus recommendations and their changes
in eight developed stock markets using data from Factset/JCF, in the period from January …

[PDF][PDF] Alternative formats

A Madun - 2008 - researchportal.bath.ac.uk
6 Results: The impact of analysts coverage 122 6.1 Introduction.................................. 122 6.2
Participating companies and control group................. 122 6.3 Submission of analysts …

Australian evidence on the accuracy of analysts' expectations: The value of consensus and timeliness prior to the earnings announcement

X Chen - Accounting Research Journal, 2010 - emerald.com
Purpose–This paper aims to use Australian analysts' forecast data to compare the relative
accuracy of consensus and the most recent forecast in the month before the earnings …

CAN INVESTORS PROFIT BY FOLLOWING ANALYSTS'RECOMMENDATIONS? AN INVESTIGATION OF CHINESE ANALYSTS'TRADING RECOMMENDATIONS ON …

R Cai, Z Cen - Economics, Management and Financial Markets, 2015 - ceeol.com
This study empirically examines the investment value of security analysts' industry-specific
trading recommendations on China's stock market. Two questions are raised: whether …

Analisis Keakuratan Rekomendasi Saham Pada Pt Rhb Sekuritas Indonesia

R Maulizhar, F Anwar - Jurnal Ilmiah Mahasiswa Ekonomi Manajemen, 2019 - jim.usk.ac.id
This study aims to find the accuracy of stocks, target price and bias recommendation by
analyzing RHB sekuritas indonesia. The data were collected from primary and secondary …

Broker recommendations and Australian small‐cap equity fund management

C Comerton‐Forde, DR Gallagher, J Lai… - Accounting & …, 2011 - Wiley Online Library
This study examines whether the abnormal performance of active Australian small‐cap
equity fund managers is associated with broker recommendations. Our evidence supports …