Conflict of Interest and the Credibility of Underwriter Analyst Recommendations
Data up to Jan 2025
Total Citations Per Year
Abstract
References (29)
A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity
1980 • 25,774 citations
The Long‐Run Performance of initial Public Offerings
1991 • 3,447 citations
Earnings Management and the Long‐Run Market Performance of Initial Public Offerings
1998 • 2,367 citations
Do Brokerage Analysts' Recommendations Have Investment Value?
1996 • 1,810 citations
Firm characteristics and analyst following
1989 • 1,593 citations
Signalling by underpricing in the IPO market
1989 • 1,463 citations
Timid Choices and Bold Forecasts: A Cognitive Perspective on Risk Taking
2000 • 1,333 citations
Underwriting relationships, analysts' earnings forecasts and investment recommendations
1998 • 1,318 citations
Reputation and Performance Among Security Analysts
1992 • 994 citations
Self-Selection and Analyst Coverage
1997 • 948 citations
The Long-Run Performance of Initial Public Offerings
1991 • 889 citations
The Pricing of Initial Public Offerings: Tests of Adverse-Selection and Signaling Theories
1994 • 735 citations
The Effect of Investment Banking Relationships on Financial Analysts' Earnings Forecasts and Investment Recommendations*
1995 • 671 citations
Analyst Following of Initial Public Offerings
1997 • 658 citations
When the Underwriter Is the Market Maker: An Examination of Trading in the IPO Aftermarket
2000 • 566 citations
THE MARKET'S PROBLEMS WITH THE PRICING OF INITIAL PUBLIC OFFERINGS
1994 • 518 citations
Do Brokerage Analysts' Recommendations Have Investment Value?
1996 • 472 citations
Underwriting Relationships and Analysts' Earnings Forecasts and Investment Recommendations
1997 • 319 citations
Event study methodologies and the size effect
1986 • 310 citations
Discrete Expectational Data and Portfolio Performance
1986 • 202 citations
Why Do Firms Switch Underwriters?
2000 • 150 citations
Caveat Compounder: A Warning about Using the Daily CRSP Equal‐Weighted Index to Compute Long‐Run Excess Returns
1998 • 149 citations
Reputation and Performance Among Security Analysts
1992 • 133 citations
The Relation between Analysts' Forecasts of Long-Term Earnings Growth and Stock Price Performance Following Equity Offerings
1999 • 130 citations
Timid Choices and Bold Forecasts
1993 • 107 citations
Voluntary Disclosure During Equity Offerings: Reducing Information Asymmetry or Hyping the Stock?
1997 • 73 citations
Discrete Expectational Data and Portfolio Performance
1986 • 42 citations
Heard on the street
1974 • 27 citations
Wall Street
1991 • 13 citations