How Well do Analysts Predict Stock Prices? Evidence from Russia
In this research we found that 56.8% of expert recommendations on selling or buying stocks of Russian companies were profitable. We show that the recommendations being publically released have an impact on stock prices, hence market players are likely to follow the recommendations. There also no difference in an analyst’s gender and almost no difference in the day the recommen-dation was made
|Date of creation:||2013|
|Date of revision:|
|Publication status:||Published in WP BRP Series: Financial Economics / FE, October 2013, pages 1-10|
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- Aleskerov, Fuad & Egorova, Lyudmila, 2012. "Is it so bad that we cannot recognize black swans?," Economics Letters, Elsevier, vol. 117(3), pages 563-565.
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