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Can Investors Profit from the Prophets? Security Analyst Recommendations and Stock Returns
11 references·16 citing·25 second hopsampled
Can Investors Profit from the Prophets? Security Analyst Recommendations and Stock Returns (2001)Can Investors Profit from the Prophets? S…Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors (2000)Trading Is Hazardous to Your …Improved Methods for Tests of Long‐Run Abnormal Stock Returns (1999)Improved Methods for Tests of…Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.1 (1998)Market efficiency, long-term …Self-Selection and Analyst Coverage (1997)Self-Selection and Analyst Co…On Persistence in Mutual Fund Performance (1997)On Persistence in Mutual Fund…Detecting long-run abnormal stock returns: The empirical power and specification of test statistics (1997)Detecting long-run abnormal s…Do Brokerage Analysts' Recommendations Have Investment Value? (1996)Do Brokerage Analysts' Recomm…The Limits of Arbitrage (1995)The Limits of ArbitrageContrarian Investment, Extrapolation, and Risk (1994)Contrarian Investment, Extrap…Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Returns to Buying Winners and…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…Stock price reactions to ESG news: the role of ESG ratings and disagreement (2022)Stock price reactions to ESG …Where Have All the IPOs Gone? (2013)Where Have All the IPOs Gone?Corporate social performance, analyst stock recommendations, and firm future returns (2013)Corporate social performance,…The Real Effects of Financial Shocks: Evidence from Exogenous Changes in Analyst Coverage (2012)The Real Effects of Financial…Testing Asymmetric-Information Asset Pricing Models (2012)Testing Asymmetric-Informatio…Sell Side School Ties (2008)Sell Side School TiesAre small investors naive about incentives? (2007)Are small investors naive abo…Information content of equity analyst reports (2004)Information content of equity…How Do Analysts Use Their Earnings Forecasts in Generating Stock Recommendations? (2004)How Do Analysts Use Their Ear…Analyzing the Analysts: When Do Recommendations Add Value? (2004)Analyzing the Analysts: When …The illusory nature of momentum profits (2003)The illusory nature of moment…Arbitrage risk and the book-to-market anomaly (2003)Arbitrage risk and the book-t…An Empirical Analysis of Analysts' Target Prices: Short‐term Informativeness and Long‐term Dynamics (2003)An Empirical Analysis of Anal…Investor psychology in capital markets: evidence and policy implications (2002)Investor psychology in capita…Why do firms switch underwriters? (2001)Why do firms switch underwrit…Herding among security analysts (2000)Herding among security analys…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Risk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)A model of investor sentiment /The Behavior of Stock-Market Prices (1965)Investor Sentiment and the Cross‐Section of Stock Returns (2006)Market Liquidity and Funding Liquidity (2008)Does the Stock Market Overreact? (1985)The Categorical Imperative: Securities Analysts and the Illegitimacy Discount (1999)Investor Psychology and Asset Pricing (2001)… and the Cross-Section of Expected Returns (2015)Using daily stock returns (1985)Capital markets research in accounting (2001)Introductory Econometrics for Finance (2008)More Than Words: Quantifying Language to Measure Firms' Fundamentals (2008)Presidential Address: Discount Rates (2011)Do Investors Trade Too Much? (1999)Managerial Decisions and Long‐Term Stock Price Performance (2000)The Economic Costs of Conflict: A Case Study of the Basque Country (2003)Multifactor Explanations of Asset Pricing Anomalies (1996)Investor Psychology and Security Market Under‐ and Overreactions (1998)Boys will be Boys: Gender, Overconfidence, and Common Stock Investment (2001)All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors (2007)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1993Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency11,575 cited
  • 1995The Limits of Arbitrage5,282 cited
  • 1994Contrarian Investment, Extrapolation, and Risk4,198 cited
  • 2000Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors3,953 cited
  • 1997Detecting long-run abnormal stock returns: The empirical power and specification of test statistics2,690 cited
  • 1998Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.12,572 cited
  • 1996Do Brokerage Analysts' Recommendations Have Investment Value?1,916 cited
  • 1999Improved Methods for Tests of Long‐Run Abnormal Stock Returns1,826 cited
  • 1997Self-Selection and Analyst Coverage968 cited

Cited by

  • 2004Analyzing the Analysts: When Do Recommendations Add Value?982 cited
  • 2004Information content of equity analyst reports926 cited
  • 2000

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Herding among security analysts
832 cited
  • 2008Sell Side School Ties806 cited
  • 2002Investor psychology in capital markets: evidence and policy implications760 cited
  • 2003The illusory nature of momentum profits657 cited
  • 2022Stock price reactions to ESG news: the role of ESG ratings and disagreement647 cited
  • 2012Testing Asymmetric-Information Asset Pricing Models584 cited
  • 2007Are small investors naive about incentives?545 cited
  • 2013Corporate social performance, analyst stock recommendations, and firm future returns534 cited
  • 2003Arbitrage risk and the book-to-market anomaly518 cited
  • 2012The Real Effects of Financial Shocks: Evidence from Exogenous Changes in Analyst Coverage517 cited
  • 2013Where Have All the IPOs Gone?515 cited
  • 2003An Empirical Analysis of Analysts' Target Prices: Short‐term Informativeness and Long‐term Dynamics504 cited
  • 2001Why do firms switch underwriters?503 cited
  • 2004How Do Analysts Use Their Earnings Forecasts in Generating Stock Recommendations?499 cited