Learning, Portfolio Complexity and Informational Asymmetry in Forecasts of Sell-Side Analysts

The aim of this study was to analyze the association of learning and complexity in the target price forecasts and sell-side analysts’ recommendations on the BM&FBovespa. The sample comprised forecasts of 195 stocks, 75 brokers and 569 analysts between 2005 and 2013, analyzed by linear models...

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Bibliographic Details
Main Author: Melquiades Pereira de Lima Júnior
Format: article
Language:EN
PT
Published: FUCAPE Business School 2017
Subjects:
Online Access:https://doaj.org/article/cd9f97ac1458418ba86f2154cb19e3d6
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