FRANCO, GUS DE; VASVARI, FLORIN P.; WITTENBERG-MOERMAN, … - In: Journal of Accounting Research 47 (2009) 5, pp. 1201-1248
<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading>This study uses a large sample of sell-side bond analysts' reports to examine the properties of recommendations provided by bond analysts and the impact of these recommendations on bond securities. First, we document that the distribution of bond analysts' buy, hold, and sell...
