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Found 1 essay matching the above criteria.

1. 1. Stock price reactions to analysts’ recommendations. Do analysts make a valuable contribution to price discovery?

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Andri Jónsson; Oskar Nilsson; [2021]
   Keywords : Stock recommendations; Efficient market hypothesis; Information hypothesis; Price pressure hypothesis; Cumulative abnormal returns; Business and Economics;

   Abstract : The aim of this thesis was to investigate if stock recommendations published by financial analysts make a valuable contribution to price discovery on the Swedish stock market. This was achieved by examining the abnormal returns for two time windows, the surrounding days of published recommendations and the next two weeks after publication. READ MORE