Do Security Analysts Speak in Two Tongues?
收藏NBER2007-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w13124
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资源简介：
Why do security analysts issue overly positive recommendations? We propose a novel approach to distinguish strategic motives (e.g., generating small-investor purchases and pleasing management) from nonstrategic motives (genuine overoptimism). We argue that nonstrategic distorters tend to issue both
提供机构：
美国国家经济研究局
创建时间：
2007-05-01
