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Värdet av aktierekommendationer
Södertörn University College, School of Business Studies.
Södertörn University College, School of Business Studies.
2005 (Swedish)Independent thesis Advanced level (degree of Magister), 10 points / 15 hpStudent thesisAlternative title
The value of stockrecommendations (English)
Abstract [en]

This paper presents a study that evaluates the performance of stock recommendations issued on Swedish stocks during 2003. The selection of recommendations in this paper originates from banks, major brokerage firms and financial press located in Sweden. The total of 171 recommendations consisted of 99 buy recommendations and 72 sell recommendations. Forecast revisions presented in this paper suggest that Investment managers have no ability to predict performance winners, nor do their forecasts in general have any significant impact on stock prices. A mere 50 percent of the recommendations in this revision had a weak ability to outperform their benchmark indexes as in other similar revisions. A prolonged revision-cycle extended to the spring of 2005 was made in order to observe long-term consequences and essentially showed negative performances.

Place, publisher, year, edition, pages
Huddinge: Institutionen för ekonomi och företagande , 2005. , p. 51
Keywords [en]
Business studies
Keywords [sv]
Företagsekonomi, Aktierekommendationer
National Category
Business Administration
Identifiers
URN: urn:nbn:se:sh:diva-137OAI: oai:DiVA.org:sh-137DiVA, id: diva2:15442
Uppsok
samhälle/juridik
Available from: 2005-06-09 Created: 2005-06-09

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fulltext(315 kB)923 downloads
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d91b49bd24dd243bbded5d5bcbd4f8a45e2650434af6634fe54e2f6b5f9c7de27b3fabe3
Type fulltextMimetype application/pdf

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CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • harvard-anglia-ruskin-university
  • apa-old-doi-prefix.csl
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf