Liu, Pu; Smith, Stanley D; Syed, Azmat A - In: Journal of Financial Research 15 (1992) 2, pp. 181-88
The authors examine the impact of a scandal on the information content in the "Heard on the Street" column of the "Wall Street Journal." Following the scandal in 1984, the column is found to have a reduced impact on stock prices for both buy and sell recommendations. However, the stock price...
