Palmon, Oded; Sun, Huey-Lian; Tang, Alex P - In: The Financial Review 29 (1994) 3, pp. 395-417
Publication of security analysts' recommendations in the column "Inside Wall Street," which is published in "Business Week," induces abnormal returns on the publication day and the following day. The abnormal returns are robust to the use of alternative samples and methodologies. The publication...