haku: @indexterm BROKERAGE / yhteensä: 21
viite: 19 / 21
| Tekijä: | Irvine, P. J. A. |
| Otsikko: | Do analysts generate trade for their firms? Evidence from the Toronto stock exchange |
| Lehti: | Journal of Accounting & Economics
2000 : OCT, VOL. 30:2, p. 209-226 |
| Asiasana: | BROKERAGE STOCK EXCHANGES TRADE CANADA |
| Vapaa asiasana: | ANALYSTS |
| Kieli: | eng |
| Tiivistelmä: | It has generally been assumed that the potential commission revenue is an important determinant of a sell-side analyst's decision of what firms to cover and what information to publicly release. However, because stock volume has not been disaggregated on a brokerage-firm level, uncertainty remains regarding the economic importance of the relation between analyst coverage and brokerage-firm volume. Using a unique data set that identifies the broker(s) involved in each trade, the author finds that brokerage volume is significantly higher in covered stocks than in uncovered stocks. |
SCIMA