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Keywords: independent analysts
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Journal Articles
Independent and Affiliated Analysts: Disciplining and Herding
Available to Purchase
Journal:
The Accounting Review
The Accounting Review (2017) 92 (4): 243–267.
Published: 01 July 2017
...Hao Xue ABSTRACT The paper investigates strategic interactions between an independent analyst and an affiliated analyst in the context of issuing stock recommendations. Compared to the independent analyst, the affiliated analyst has superior information, but faces a conflict of interest. I show...