The impact of financial analyst reports on small caps prices in Italy

C Guagliano, N Linciano… - Economic Notes: Review …, 2013 - Wiley Online Library
This paper examines the abnormal stock returns around the publication of 1167 reports
issued by 26 brokerage firms on 37 small caps admitted to listing on the Italian Stock Market …

ANALYSTS'DISTORTED VALUATION OF HI-TECH STOCKS

EM Cervellati - Corporate Ownership & Control, 2012 - iris.unive.it
This paper aims to examine the distorted valuations of internet companies during the dot.
com bubble. The analysis is performed through a clinical study of Tiscali, the most known …

[PDF][PDF] The need for transparency, responsibility and accountability: The case of Facebook IPO

EM Cervellati, A Di Sandro, L Piras - Corporate Ownership & …, 2013 - researchgate.net
This paper aims to describe and critically analyse the Facebook Initial Public Offering (IPO),
initially focusing on the pre-IPO assessments made by underwriters, and then comparing …

Corporate culture and frauds: A behavioral finance analysis of the Barclays-LIBOR case

EM Cervellati, L Piras, M Scialanga - Corporate Ownership & Control, 2013 - iris.unive.it
The aim of this paper is to use behavioral finance to explain the factors that brought Barclays
Plc. to face a£ 290 million fine (about $440 million), having deliberately tried to manipulate …

Analysts' recommendations and the market impact of the valuation methods

E Cavezzali, EM Cervellati, P Pattitoni… - Journal of Governance …, 2019 - iris.unive.it
Despite its importance, the informative value of the analysts' valuation methods has not been
thoroughly examined in the literature. Such an issue is relevant with regard to the concerns …

An Analysis of the Level of Qualitative Efficiency for the Equity Research Reports in the Italian Financial Market

P Fandella - International Journal of Business Administration, 2018 - publicatt.unicatt.it
Corporate reports issued by various financial intermediaries play a major role in investment
decisions. For this reason, it is particularly interesting to understand the accuracy of the …