Is Sell-Side Research More Valuable in Bad Times?
收藏NBER2014-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w19778
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Because uncertainty is high in bad times, investors find it harder to assess firm prospects and, hence, should value analyst output more. However, higher uncertainty makes analysts tasks harder so it is unclear if analyst output is more valuable in bad times. We find that, in bad times, analyst
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美国国家经济研究局创建时间：
2014-01-01
