Please use this identifier to cite or link to this item:
|Title:||Initiating coverage, broker reputation and management earnings forecasts in Australia|
Kee Ho, Y.
Management earnings forecasts
|Citation:||Brown, R., Chan, H.W.H., Kee Ho, Y. (2007). Initiating coverage, broker reputation and management earnings forecasts in Australia. Accounting and Finance 47 (3) : 401-421. ScholarBank@NUS Repository. https://doi.org/10.1111/j.1467-629X.2006.00209.x|
|Abstract:||We examine more than 5000 recommendations made by Australian brokers in the period 1996-2001. We find evidence that initiating recommendations produce greater share price responses than continuing recommendations, particularly for hold, underperform and sell recommendations. We also find evidence that initiating recommendations made by higher-reputation brokers and those made in the absence of a management earnings forecast attract different share price responses. Finally, we find that share price responses to initiating recommendations, conditional on the market consensus recommendation, are significantly different to continuing recommendations. © 2007 AFAANZ.|
|Source Title:||Accounting and Finance|
|Appears in Collections:||Staff Publications|
Show full item record
Files in This Item:
There are no files associated with this item.
checked on Sep 19, 2018
WEB OF SCIENCETM
checked on Sep 4, 2018
checked on Jul 13, 2018
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.