Do Analyst Conflicts Matter? Evidence from Stock Recommendations
By Anup Agrawal, Mark A. Chen. Journal law and economy, 2008
220 citations recorded by the source corpus.
Subfields: Accounting, Finance
View Paper: https://www.semanticscholar.org/paper/0806f103fbccab37059cad9f34e90d9b1b3dfe4f
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- Jay R. Ritter
- D. Bradley
- Bradford D. Jordan
- Xiaoyun Yu
- Zhihong Yi
- Utpal Bhattacharya
- Kam C. Chan
- Nianhang Xu
In Finance
- Bradford D. Jordan
- D. Bradley
- Jay R. Ritter
- Xiaoyun Yu
- Zhihong Yi
- Neal Galpin
- R. Ray
- Utpal Bhattacharya
Citations in the corpus
- Conflicts of Interest and Stock Recommendations: The Effects of the Global Settlement and Related Regulations (2009, unknown): “…of interest in sell-side research are Boni and Womack (2002a), Iskoz (2003), Chan, Karceski and Lakonishok (2003), Ljungqvist, Marston, Starks, Wei and Yan (2004), Barber, Lehavy and Trueman (2005) and Agrawal and Chen (2005). decisions were largely affected by investment banking considerations.”
- The Role of the Media in the Internet IPO Bubble (2009, background): “18In a study whose results complement ours, Agrawal and Chen (2008) find that investors appear to have discounted analyst opinions more during the stock market bubble.”
- The Economics of Conflicts of Interest in Financial Institutions (2006, unknown): “Using the same approach, Agrawal and Chen (2005) look at 110,000 recommendations issued by 4,000 analysts over the period 1994–2003.”
- Monitors or Predators: The Influence of Institutional Investors on Sell-side Analysts (2013, unknown): “Agrawal and Chen (2008) show from a different angle that in the U.”
- Analyst coverage, optimism, and stock price crash risk: Evidence from China (2013, background): “Following Dugar and Nathan (1995), Lin and McNichols (1998), Michaely and Womack (1999), and Agrawal and Chen (2008), we split analyst coverage into investment bank and non-investment bank analyst coverage.”
- Analyst Behavior Following IPOs: The “Bubble Period” Evidence (2008, background): “8 Using a large sample of analyst recommendations from 1994-2003, Agrawal and Chen (2005) conclude that the market reacts more skeptically to recommendations coming from analysts who are affiliated with firms that receive a large fraction of their revenue from investment banking.”