Zhang, Chenyu; Qian, Aimin; Shi, Xiangyan - In: China Journal of Accounting Research 13 (2020) 1, pp. 79-107
share pledge firms issue stock recommendations on these listed firms. We find that their recommendations are more optimistic … firms both began and ended. These affiliated analysts continue to issue optimistic stock recommendations after visiting the … they are less inclined to downgrade stock recommendations for these share pledge firms. Buy recommendations issued by both …