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Title: Empirical analysis of investors' reaction to individual vs group-written research reports
Authors: Chow, Cheong Yean
Fong, Pak Ho
Loh, Hui Min
Keywords: DRNTU::Business::Finance::Investments
Issue Date: 2008
Publisher: Nanyang Technological University
Abstract: The objective of this research is to investigate whether investors perceive that research reports written by a team of analysts is of higher quality than those written by an individual analyst. The statistical tests show that investors react more strongly to team-analyst reports than individual-analyst reports. Specifically, the abnormal returns on publication of individual-analyst reports are significantly lower than those for team-analyst reports, thus supporting our hypothesis and the behavioural decision-making theory.
Rights: Nanyang Technological University
Fulltext Permission: embargo_restricted_20220731
Fulltext Availability: With Fulltext
Appears in Collections:NBS Student Reports (FYP/IA/PA/PI)

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