The Post-revision drift, analyst characteristics and investor attention
Contribuinte(s) |
Singh Harminder Deb, Saikat Sovan |
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Data(s) |
01/12/2015
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Resumo |
The aim of this dissertation is to provide a coherent explanation for the post-analyst recommendation drift. First, I find that the post-analyst recommendation drift is explained by the degree of attention paid by individual investors. Second I find that the extremeness and the credibility of information leads to changes in the degree of attention and a post-analyst recommendation drift. Finally, I find that the diffusion of private information contained in the analyst recommendation interacts with attention related biases leading to a post-recommendation drift. |
Identificador | |
Idioma(s) |
eng |
Publicador |
Deakin Univeristy, Faculty of Business and Law, School of Finance |
Relação |
http://dro.deakin.edu.au/eserv/DU:30088694/welagedara-agreement-2016.pdf http://dro.deakin.edu.au/eserv/DU:30088694/welagedara-thepostrevision-2016A.pdf |
Direitos |
The Author. All Rights Reserved |
Palavras-Chave | #Finance #Stock markets #Share trading #Banking |
Tipo |
Thesis |