Contribution of Sell-Side Equity Analyst Reports to Client’s Return and Stock Price Efficiency: Indonesia Stock Market Evidence
2022-10-09
The present study investigates whether equity analyst reports benefit clients and improve stock price efficiency. Company- focus reports issued and documented by six brokerage companies in Indonesia are collected and the analysis focuses on the revisions of stock recommendations (upgrade, downgrade, or reiteration); earnings forecasts; and price targets. First, theContinue Reading