Purpose – The purpose of this paper is to add to the literature on the impact of the Morningstar ratings by examining the impact of individual stock ratings in the Hare and Tortoise portfolios. Design/methodology/approach – This study uses an event study approach, where the effect of the...

A rich literature examines the effects of analysts' recommendations on stock prices, and literature is developing on the effect of Regulation Fair Disclosure on the information associated with corporate earnings forecasts and announcements. This study examines the effect of Reg FD on the...

The purpose of the study we report was to determine the information content of the recommendations made by panelists during 1997 on quot;Wall Street Week with Louis Rukeyser.quot; Using event-study methodology for the short term, we found a statistically significant positive abnormal return of...