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Author: | Barber, B.M. (et al.) |
Title: | Buys, holds, and sells: the distribution of investment banks' stock ratings and the implications for the profitability of analysts' recommendations |
Journal: | Journal of Accounting & Economics
2006 : APR, VOL. 41:1-2, p. 87-117 |
Index terms: | brokerage finance investments investment banks |
Language: | eng |
Abstract: | This article examines the distribution of stock ratings at investment banks and brokerage companies, and studies whether these distributions can predict the profitability of analystsÂ’ recommendations. |
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