標題: Abnormal Stock Returns and Journalism's Recommendations: Reexamining of Hybrid Grey-Market Model
作者: Wang Yi-Hsien
Chuang Chung-Chu
Tsai Chung-Ming
Chuang Ya-Hui
管理科學系
Department of Management Science
關鍵字: Grey-market model;Recommendatory stock;Abnormal return;Event study
公開日期: 2009
摘要: This study employs hybrid grey-market model to reexamine the market behavior of journalism's recommendations of electronics companies. The empirical results confirm that security analysis recommend the continued growth stock to maintain the forecasting performance. Furthermore, the investors hold the conservative portfolio to reduce market risk, and the abnormal returns are moving lower following the analysis' recommendation.
URI: http://hdl.handle.net/11536/7855
ISSN: 0957-3720
期刊: JOURNAL OF GREY SYSTEM
Volume: 21
Issue: 3
起始頁: 309
結束頁: 318
Appears in Collections:Articles