When are Analyst Recommendation Changes Influential

2011

144 citations recorded by the source corpus.

Citations in the corpus

Stock Returns after Major Price Shocks: The Impact of Information (2012, unknown): “Loh and Stulz (2011) report that the majority of analyst recommendations are not informative, but they also show that recommendations of a subset of analysts persistently impact stock prices.”
Do Analysts Matter for Governance? Evidence from Natural Experiments (2015, unknown): “Some evidence suggests that certain analysts are more influential than others and the most well-known analyst ranking is done by Institutional Investor magazine, which polls buy-side institutional investors every year to rank sell-side analysts (e.g., Stickel, 1992; Loh and Stulz, 2011).”
It Depends on Where You Search: Institutional Investor Attention and Underreaction to News (2017, unknown): “To arrive at the sample used to analyze analyst recommendation change, we start with the Full Sample and follow the filters in Jegadeesh and Kim (2010), Loh and Stulz (2011), and Kadan, Michaely, and Moulton (2013).”
Access to Management and the Informativeness of Analyst Research (2014, unknown): “Informativeness of analyst research: univariate results Following Loh and Stulz (2011), we measure the informativeness of analyst research as the stock-price reaction in the two-day event window [0,1], where day 0 is the announcement date of the recommendation change or forecast revision .”