Franck, Alexander; Kerl, Alexander - In: Journal of Banking & Finance 37 (2013) 8, pp. 2677-2692
This paper addresses the questions whether European mutual fund managers rely on sell-side analyst information and … observation period. Furthermore, mutual fund managers primarily attribute high information value to consensus forecast revisions … to the consensus. Finally, following sell-side research seems to be beneficial for mutual fund managers since our results …