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http://cmuir.cmu.ac.th/jspui/handle/6653943832/50753| Title: | The value of analysts' recommendations in the thai stock market |
| Authors: | Ravi Lonkani Anya Khanthavit Pornchai Chunahachinda |
| Authors: | Ravi Lonkani Anya Khanthavit Pornchai Chunahachinda |
| Keywords: | Economics, Econometrics and Finance |
| Issue Date: | 1-Feb-2010 |
| Abstract: | Analysts' recommendations are especially important as they provide useful and straightforward information to investors. Using I/B/E/S data of analysts' recommendations from 1993 to 2002, we find analysts' recommendations convey similar informative 'value' to the Thai market. Our results on a calendar-time approach indicate that a momentum trading strategy is appropriate for the 'strong buy' recommendations. Our research highlights the existence of 'insider' aspects associated with the recommendations. © EuroJournals Publishing, Inc. 2010. |
| URI: | https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=76549099113&origin=inward http://cmuir.cmu.ac.th/jspui/handle/6653943832/50753 |
| ISSN: | 14502887 |
| Appears in Collections: | CMUL: Journal Articles |
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