Should financial gatekeepers be publicly traded?

We investigate how a broker firm’s initial public offering (IPO) affects its analysts’ fiduciary duty of providing independent and objective recommendations. We find that the analysts of newly listed broker firms issue more positively biased recommendations in the first 2 to 3 years after their empl...

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Bibliographic Details
Main Author: Huang, Haozhi (Author)
Contributors: Li, Mingsheng ; Shi, Jing
Format: Electronic Article
Language:English
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Published: 2020
In: Journal of business ethics
Year: 2020, Volume: 164, Issue: 1, Pages: 175-200
Further subjects:B Initial public offering
B Broker firms
B Aufsatz in Zeitschrift
B Financial gatekeepers
B Analyst recommendation
B Ethical Conduct
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