Analytical Recommendations Effect on Asset Pricing

Student: Fayzullina Karina

Educational Programme: Financial Markets and Financial Institutions (Master)

Final Grade: 8

Year of Graduation: 2017

The subject of the current paper is the informational efficiency of analysts’ investment recommendations. It outlines the mechanism for the impact of changes in analysts’ recommendations on the trading performance of relevant securities. The empirical analysis for the estimation on the size of the stated impact on the Russian stock market is based on the application of the event study method.

Full text (added May 14, 2017)

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