This paper applies a short-term event study methodology to analyze the performance of common stock recommendations made by the Wall Street Journal’s Ahead of the Tape, CNBC’s Mad Money and Value Investors Club. The results suggest that a portfolio that replicates the long and short recommendations from Value Investors Club earns significant abnormal returns. These returns persist even after accounting for trading costs, the bid-ask spread and stock loans. Abnormal returns to Mad Money’s positive endorsements are also significant for the two days after announcement, but are erased by transaction costs. Across all three sources, abnormal returns rarely correspond with abnormal trading volume, an unexpected dichotomy that invites further resea...
The purpose of this study is to investigate the effect of a stock recommendation from the leading fi...
Using data from the Stockholm Stock Exchange we study the value added by (as distinct from the abnor...
This paper studies how the stock prices in Chinese stock markets react to the stock recommendations ...
This paper applies a short run event study methodology and a long run buy and hold methodology to te...
We examine the performance of common stock recommendations made by prominent money managers at Barro...
A substantial amount of research has accumulated over the past twenty years in support of the semi-s...
MBA - WBSPrevious research has reached no consensus on the performance of brokerage firms’ stock re...
The main purpose of this study is to contribute to the previous literature by evaluating positive ch...
Barron's is a weekly financial magazine published by Dow Jones. It’s considered America's premier fi...
We study the market's reaction to Jim Cramer's recommendations on the television show Mad Money. Ave...
This study examines the stock price performance for a sample of 239 firms that were recommended by a...
The main objective of the paper is to investigate the analysts’ recommendations’ value and to determ...
Using data from the Stockholm Stock Exchange we study the value added by (as distinct from the abnor...
The purpose of the study we report was to determine the information content of the recommendations m...
We extend previous tests that examine the price and volume effects for stocks recommended in the Wal...
The purpose of this study is to investigate the effect of a stock recommendation from the leading fi...
Using data from the Stockholm Stock Exchange we study the value added by (as distinct from the abnor...
This paper studies how the stock prices in Chinese stock markets react to the stock recommendations ...
This paper applies a short run event study methodology and a long run buy and hold methodology to te...
We examine the performance of common stock recommendations made by prominent money managers at Barro...
A substantial amount of research has accumulated over the past twenty years in support of the semi-s...
MBA - WBSPrevious research has reached no consensus on the performance of brokerage firms’ stock re...
The main purpose of this study is to contribute to the previous literature by evaluating positive ch...
Barron's is a weekly financial magazine published by Dow Jones. It’s considered America's premier fi...
We study the market's reaction to Jim Cramer's recommendations on the television show Mad Money. Ave...
This study examines the stock price performance for a sample of 239 firms that were recommended by a...
The main objective of the paper is to investigate the analysts’ recommendations’ value and to determ...
Using data from the Stockholm Stock Exchange we study the value added by (as distinct from the abnor...
The purpose of the study we report was to determine the information content of the recommendations m...
We extend previous tests that examine the price and volume effects for stocks recommended in the Wal...
The purpose of this study is to investigate the effect of a stock recommendation from the leading fi...
Using data from the Stockholm Stock Exchange we study the value added by (as distinct from the abnor...
This paper studies how the stock prices in Chinese stock markets react to the stock recommendations ...