To What Extent Are the Reports of Stock Analysts Useful?
Ebinesan, Noel Artputhan (2007) To What Extent Are the Reports of Stock Analysts Useful? [Dissertation (University of Nottingham only)] (Unpublished)
Around the world, there are hundreds of thousands of stock analysts being employed to write research reports of firms (T. Green, 1). The information provided by sell-side analyst is myriad in nature. Though, one of the key tasks of analystÃ�Â�Ã�Â¢Ã�Â�Ã�Â�Ã�Â�Ã�Â�s is to forecast earnings. Hence, the managers of funds need a guide as to the relative usefulness of these so that they are able to make investing decisions that are most effective possible. More precisely, firstly, they require knowledge concerning the degree of accuracy exhibited by them so that they are able to place the appropriate amounts of importance on them individually (Treynor et al., 1973). In terms of capital markets, it is vital to have knowledge pertaining to their accuracy because, as a result of, one is able to gauge the relative efficiency of capital markets. (Dimson et al., 1258)
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