The purpose of this paper is to investigate the effect of stock recommendations in returns for Brazilian public companies. Using data from the I/B/E/S system, we examine the empirical distribution of buy, sell and hold recommendations as well their effect on prices, for the period from January...

This paper examines that analyst network reputation shapes information efficiency in the stock market. Using a analyst-firm pair dataset from the Chinese Stock Exchange from 2011 to 2021, analyst network reputation is constructed by multi-attribute decision making and synthetic evaluation...