The Integrity of Financial Analysts: Evidence from Asymmetric Responses to Earnings Surprises

This paper investigates the integrity of financial analysts by examining their recommendation responses to large quarterly earnings surprises. Although there is no significant difference in recommendation changes between affiliated and unaffiliated analysts in response to positive earnings surprises...

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Bibliographic Details
Authors: Lu, Rui (Author) ; Hou, Wenxuan (Author) ; Oppenheimer, Henry (Author) ; Zhang, Ting (Author)
Format: Electronic Article
Language:English
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Published: Springer Science + Business Media B. V 2018
In: Journal of business ethics
Year: 2018, Volume: 151, Issue: 3, Pages: 761-783
Further subjects:B Analysts’ response
B Earnings surprises
B conflicts of interest
B Integrity
Online Access: Presumably Free Access
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