Do Security Analysts Speak in Two Tongues?
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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
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美国国家经济研究局创建时间：
2007-05-01
