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

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Year of publication:	2013
Authors:	Penikas, Henry ; Proskurin S.
Institutions:	National Research University Higher School of Economics
Subject:	financial analyst \| forecast

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Extent:	application/pdf
Series:	HSE Working papers.
Type of publication:	Book / Working Paper
Notes:	Published in WP BRP Series: Financial Economics / FE, October 2013, pages 1-10 Number WP BRP 18/FE/2013 10 pages
Classification:	G32 - Financing Policy; Capital and Ownership Structure
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010720487