Time to payoff: Efficacy of analyst recommendations in the Indian stock market

Abnormal excess returns are often used to measure the profitability of analyst recommendations. We study the liquidity of recommended strategies, by modelling the time to payoff. Using an event study methodology, we find that target prices are reached in about 43% of 392 technical calls and 52% of 2...

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Detalhes bibliográficos

Principais autores:	Devlina Chatterjee, Saurabh Kumar, Purba Chatterjee
Formato:	Artigo
Idioma:	Inglês
Publicado em:	Elsevier 2020-06-01
Colecção:	IIMB Management Review
Assuntos:	Analyst recommendations Technical analysis Fundamental analysis Survival analysis Stock market Liquidity
Acesso em linha:	http://www.sciencedirect.com/science/article/pii/S0970389617301751
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