Sökning: "Filip Hedin"

Hittade 1 uppsats innehållade orden Filip Hedin.

  1. 1. Equity Research Analyst Bias in Stock Recommendations

    C-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Författare :Erik Ahl; Filip Hedin; [2014]
    Nyckelord :stock recommendations; recommendation bias; market efficiency; equity research;

    Sammanfattning : We acknowledge the lack of empirical studies of equity research analysts' ability to generate abnormal returns on the Swedish stock market and the global absence of studies measuring performance throughout complete recommendation periods. A unique sample of 705 equity research analyst recommendations from 2004 to 2013 from leading Swedish investment banks ABG Sundal Collier, Carnegie, Nordea and SEB on the OMXS30 constituent stocks are studied in order to investigate whether analysts have better long-run predictive abilities in their sell relative to their buy recommendations. LÄS MER