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Title: The relative informativeness of financial analysts' earnings forecasts and stock recommendations
Author: Constantinou, Constantina Philippou
ISNI:       0000 0001 3561 4852
Awarding Body: University of Manchester : University of Manchester
Current Institution: University of Manchester
Date of Award: 2000
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Analysts are a major source of information in equity markets. Therefore, their earnings forecasts and stock recommendations are likely to be important for understanding how equity markets work. Analysts' earnings forecasts arc generally, optimistic and their buy/hold/sell recommendations influence stock prices. However, whether (and how) they underreact or overreact to information Is not yet clear. The present thesis discusses tile underreaction/overreaction issues and examines the information contents of analysts' recommendations.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available