Do Analysts Herd? An Analysis of Recommendations and Market Reactions
收藏NBER2007-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w12866
下载链接
链接失效反馈官方服务：
资源简介：
This paper develops and implements a new test to investigate whether sell-side analysts herd around the consensus when they make stock recommendations. Our empirical results support the herding hypothesis. Stock price reactions following recommendation revisions are stronger when the new
提供机构：
美国国家经济研究局
创建时间：
2007-01-01
