Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.14/8603
Título: The impact of the global research analyst settlement on the value of recommendations across G7 countries and industries
Autor: Rodrigues, José
Orientador: Fernandes, Nuno
Data de Defesa: 2011
Resumo: This work evaluates the impact of the Global Research Analyst Settlement and related regulations on the value of recommendations across G7 countries and industries. This change in anti-conflict of interest regulations contributed to a decrease in the buy-sell ratio, which suggests that conflicts of interest were reduced. Furthermore, the value added by recommendations increased either in upgrades or in downgrades. The most relevant exceptions were the value created by downgrades in the United States, in Business Equipment and in Telecommunications. These were justified by a decrease in informativeness (reliability in released information) given by an increase in sell/strong sell recommendations, which had seldom been used before.
URI: http://hdl.handle.net/10400.14/8603
Aparece nas colecções:R - Dissertações de Mestrado / Master Dissertations
FCEE - Dissertações de Mestrado / Master Dissertations

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