Essays on information and conflicts of interest in stock recommendations:
Saved in:
| Main Author: | |
|---|---|
| Format: | Thesis Book |
| Language: | English |
| Published: |
Göteborg
Dep. of Economics, School of Economics and Commercial Law, Göteborg Univ.
2005
|
| Series: | Economic studies / Department of Economics, School of Economics and Commercial Law, Göteborgs University
142 |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | 95 S. graph. Darst. |
| ISBN: | 9185169013 |
Staff View
MARC
| LEADER | 00000nam a2200000 cb4500 | ||
|---|---|---|---|
| 001 | BV019751289 | ||
| 003 | DE-604 | ||
| 005 | 00000000000000.0 | ||
| 007 | t | ||
| 008 | 050329s2005 d||| m||| 00||| eng d | ||
| 020 | |a 9185169013 |9 91-85169-01-3 | ||
| 035 | |a (OCoLC)186693355 | ||
| 035 | |a (DE-599)BVBBV019751289 | ||
| 040 | |a DE-604 |b ger |e rakwb | ||
| 041 | 0 | |a eng | |
| 049 | |a DE-19 |a DE-188 | ||
| 084 | |a QK 800 |0 (DE-625)141681: |2 rvk | ||
| 100 | 1 | |a Lidén, Erik |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Essays on information and conflicts of interest in stock recommendations |c Erik Lidén |
| 264 | 1 | |a Göteborg |b Dep. of Economics, School of Economics and Commercial Law, Göteborg Univ. |c 2005 | |
| 300 | |a 95 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 1 | |a Economic studies / Department of Economics, School of Economics and Commercial Law, Göteborgs University |v 142 | |
| 502 | |a Zugl.: Göteborg, Univ., Diss., 2004 | ||
| 650 | 7 | |a Aktieanalys i pressen |2 sao | |
| 650 | 0 | 7 | |a Kursschwankung |0 (DE-588)4277086-5 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Presse |0 (DE-588)4047150-0 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Anlageberatung |0 (DE-588)4002094-0 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Börseninformation |0 (DE-588)4285509-3 |2 gnd |9 rswk-swf |
| 651 | 7 | |a Schweden |0 (DE-588)4077258-5 |2 gnd |9 rswk-swf | |
| 655 | 7 | |0 (DE-588)4143413-4 |a Aufsatzsammlung |2 gnd-content | |
| 655 | 7 | |0 (DE-588)4113937-9 |a Hochschulschrift |2 gnd-content | |
| 689 | 0 | 0 | |a Schweden |0 (DE-588)4077258-5 |D g |
| 689 | 0 | 1 | |a Presse |0 (DE-588)4047150-0 |D s |
| 689 | 0 | 2 | |a Anlageberatung |0 (DE-588)4002094-0 |D s |
| 689 | 0 | 3 | |a Börseninformation |0 (DE-588)4285509-3 |D s |
| 689 | 0 | 4 | |a Kursschwankung |0 (DE-588)4277086-5 |D s |
| 689 | 0 | |5 DE-188 | |
| 810 | 2 | |a Department of Economics, School of Economics and Commercial Law, Göteborgs University |t Economic studies |v 142 |w (DE-604)BV017643044 |9 142 | |
| 856 | 4 | 2 | |m SWB Datenaustausch |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=013077827&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-013077827 | ||
Record in the Search Index
| _version_ | 1804133223006994432 |
|---|---|
| adam_text | CONTENTS 1 INTRODUCTION AND SUMMARY 7 2 ESSAY 1 - SWEDISH STOCK
RECOMMENDATIONS: INFORMATION CONTENT OR PRICE PRESSURE? 13 2.1
INTRODUCTION 15 2.2 HYPOTHESES 17 2.3 DATA DESCRIPTION 19 2.4 RESEARCH
DESIGN 21 2.4.1 ABNORMAL RETURN (AR) 22 2.4.2 ABNORMAL VOLUME (AV) 22
2.5 EMPIRICAL RESULTS 23 2.5.1 ABNORMAL RETURN (AR) 23 2.5.2 ABNORMAL
VOLUME (AV) 32 2.5.3 BID/ASK SPREAD 36 2.5.4 POST-PUBLICATION DRIFT 37
2.6 SUMMARY AND CONCLUSIONS 39 2.7 APPENDIX 42 2.7.1 RESULTS FROM
PREVIOUS RESEARCH 42 2.7.2 DESCRIPTION OF NEWSPAPERS AND MAGAZINES 43 3
ESSAY 2 - STOCK RECOMMENDATIONS IN SWEDISH PRINTED ME- DIA: LEADING OR
MISLEADING? 45 3.1 INTRODUCTION 47 3.2 SAMPLE SELECTION AND DESCRIPTIVE
STATISTICS 49 3.2.1 ANALYSTS AND JOURNALISTS 50 3.2.2 DESCRIPTIVE
STATISTICS 51 3.3 METHOD AND HYPOTHESES 55 3.3.1 BUY-AND-HOLD ABNORMAL
RETURN (BHAR) 55 3.3.2 HYPOTHESES 56 3.4 EMPIRICAL RESULTS 57 3.4.1
ANALYSTS VERSUS JOURNALISTS 61 3.4.2 TRANSACTION COSTS 63 3.5 SUMMARY
AND CONCLUSIONS 63 3.6 APPENDIX 65 .3.6.1 CIRCULATION ESTIMATES 65 3.6.2
STOCKHOLM STOCK EXCHANGE OWNERSHIP 66 4 ESSAY 3 - CREDIBLE
UNDERWRITER-ANALYST RECOMMENDATIONS: SCANDINAVIAN EVIDENCE 67 4.1
INTRODUCTION 69 4.2 CONFLICTS OF INTEREST AND HYPOTHESES 71 4.3
BACKGROUND 73 4.3.1 THE QUIET PERIOD 73 4.3.2 SCANDINAVIAN STOCK MARKETS
74 4.4 DATA, SAMPLE SELECTION, AND DESCRIPTIVE STATISTICS 75 4.4.1
RETURN DATA FOR IPOS 75 4.4.2 ANALYSTS RECOMMENDATIONS DATA 77 4.5
METHOD 81 4.6 EMPIRICAL RESULTS 82 4.6.1 MARKET REACTIONS TO
RECOMMENDATIONS DIFFERENTIATED BY UNDERWRITING RELATIONSHIPS 82 4.6.2
PRE-RECOMMENDATION PRICE PERFORMANCE 84 4.6.3 POST-RECOMMENDATION PRICE
PERFORMANCE 84 4.6.4 ROBUSTNESS 87 4.7 DISCUSSION AND CONCLUSIONS
|
| any_adam_object | 1 |
| author | Lidén, Erik |
| author_facet | Lidén, Erik |
| author_role | aut |
| author_sort | Lidén, Erik |
| author_variant | e l el |
| building | Verbundindex |
| bvnumber | BV019751289 |
| classification_rvk | QK 800 |
| ctrlnum | (OCoLC)186693355 (DE-599)BVBBV019751289 |
| discipline | Wirtschaftswissenschaften |
| format | Thesis Book |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02187nam a2200481 cb4500</leader><controlfield tag="001">BV019751289</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">00000000000000.0</controlfield><controlfield tag="007">t</controlfield><controlfield tag="008">050329s2005 d||| m||| 00||| eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9185169013</subfield><subfield code="9">91-85169-01-3</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)186693355</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV019751289</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rakwb</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-19</subfield><subfield code="a">DE-188</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QK 800</subfield><subfield code="0">(DE-625)141681:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Lidén, Erik</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Essays on information and conflicts of interest in stock recommendations</subfield><subfield code="c">Erik Lidén</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Göteborg</subfield><subfield code="b">Dep. of Economics, School of Economics and Commercial Law, Göteborg Univ.</subfield><subfield code="c">2005</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">95 S.</subfield><subfield code="b">graph. Darst.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="1" ind2=" "><subfield code="a">Economic studies / Department of Economics, School of Economics and Commercial Law, Göteborgs University</subfield><subfield code="v">142</subfield></datafield><datafield tag="502" ind1=" " ind2=" "><subfield code="a">Zugl.: Göteborg, Univ., Diss., 2004</subfield></datafield><datafield tag="650" ind1=" " ind2="7"><subfield code="a">Aktieanalys i pressen</subfield><subfield code="2">sao</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Kursschwankung</subfield><subfield code="0">(DE-588)4277086-5</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Presse</subfield><subfield code="0">(DE-588)4047150-0</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Anlageberatung</subfield><subfield code="0">(DE-588)4002094-0</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Börseninformation</subfield><subfield code="0">(DE-588)4285509-3</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="651" ind1=" " ind2="7"><subfield code="a">Schweden</subfield><subfield code="0">(DE-588)4077258-5</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="655" ind1=" " ind2="7"><subfield code="0">(DE-588)4143413-4</subfield><subfield code="a">Aufsatzsammlung</subfield><subfield code="2">gnd-content</subfield></datafield><datafield tag="655" ind1=" " ind2="7"><subfield code="0">(DE-588)4113937-9</subfield><subfield code="a">Hochschulschrift</subfield><subfield code="2">gnd-content</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Schweden</subfield><subfield code="0">(DE-588)4077258-5</subfield><subfield code="D">g</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Presse</subfield><subfield code="0">(DE-588)4047150-0</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="2"><subfield code="a">Anlageberatung</subfield><subfield code="0">(DE-588)4002094-0</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="3"><subfield code="a">Börseninformation</subfield><subfield code="0">(DE-588)4285509-3</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="4"><subfield code="a">Kursschwankung</subfield><subfield code="0">(DE-588)4277086-5</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="5">DE-188</subfield></datafield><datafield tag="810" ind1="2" ind2=" "><subfield code="a">Department of Economics, School of Economics and Commercial Law, Göteborgs University</subfield><subfield code="t">Economic studies</subfield><subfield code="v">142</subfield><subfield code="w">(DE-604)BV017643044</subfield><subfield code="9">142</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="m">SWB Datenaustausch</subfield><subfield code="q">application/pdf</subfield><subfield code="u">http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=013077827&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA</subfield><subfield code="3">Inhaltsverzeichnis</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-013077827</subfield></datafield></record></collection> |
| genre | (DE-588)4143413-4 Aufsatzsammlung gnd-content (DE-588)4113937-9 Hochschulschrift gnd-content |
| genre_facet | Aufsatzsammlung Hochschulschrift |
| geographic | Schweden (DE-588)4077258-5 gnd |
| geographic_facet | Schweden |
| id | DE-604.BV019751289 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T20:05:18Z |
| institution | BVB |
| isbn | 9185169013 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-013077827 |
| oclc_num | 186693355 |
| open_access_boolean | |
| owner | DE-19 DE-BY-UBM DE-188 |
| owner_facet | DE-19 DE-BY-UBM DE-188 |
| physical | 95 S. graph. Darst. |
| publishDate | 2005 |
| publishDateSearch | 2005 |
| publishDateSort | 2005 |
| publisher | Dep. of Economics, School of Economics and Commercial Law, Göteborg Univ. |
| record_format | marc |
| series2 | Economic studies / Department of Economics, School of Economics and Commercial Law, Göteborgs University |
| spelling | Lidén, Erik Verfasser aut Essays on information and conflicts of interest in stock recommendations Erik Lidén Göteborg Dep. of Economics, School of Economics and Commercial Law, Göteborg Univ. 2005 95 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Economic studies / Department of Economics, School of Economics and Commercial Law, Göteborgs University 142 Zugl.: Göteborg, Univ., Diss., 2004 Aktieanalys i pressen sao Kursschwankung (DE-588)4277086-5 gnd rswk-swf Presse (DE-588)4047150-0 gnd rswk-swf Anlageberatung (DE-588)4002094-0 gnd rswk-swf Börseninformation (DE-588)4285509-3 gnd rswk-swf Schweden (DE-588)4077258-5 gnd rswk-swf (DE-588)4143413-4 Aufsatzsammlung gnd-content (DE-588)4113937-9 Hochschulschrift gnd-content Schweden (DE-588)4077258-5 g Presse (DE-588)4047150-0 s Anlageberatung (DE-588)4002094-0 s Börseninformation (DE-588)4285509-3 s Kursschwankung (DE-588)4277086-5 s DE-188 Department of Economics, School of Economics and Commercial Law, Göteborgs University Economic studies 142 (DE-604)BV017643044 142 SWB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=013077827&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Lidén, Erik Essays on information and conflicts of interest in stock recommendations Aktieanalys i pressen sao Kursschwankung (DE-588)4277086-5 gnd Presse (DE-588)4047150-0 gnd Anlageberatung (DE-588)4002094-0 gnd Börseninformation (DE-588)4285509-3 gnd |
| subject_GND | (DE-588)4277086-5 (DE-588)4047150-0 (DE-588)4002094-0 (DE-588)4285509-3 (DE-588)4077258-5 (DE-588)4143413-4 (DE-588)4113937-9 |
| title | Essays on information and conflicts of interest in stock recommendations |
| title_auth | Essays on information and conflicts of interest in stock recommendations |
| title_exact_search | Essays on information and conflicts of interest in stock recommendations |
| title_full | Essays on information and conflicts of interest in stock recommendations Erik Lidén |
| title_fullStr | Essays on information and conflicts of interest in stock recommendations Erik Lidén |
| title_full_unstemmed | Essays on information and conflicts of interest in stock recommendations Erik Lidén |
| title_short | Essays on information and conflicts of interest in stock recommendations |
| title_sort | essays on information and conflicts of interest in stock recommendations |
| topic | Aktieanalys i pressen sao Kursschwankung (DE-588)4277086-5 gnd Presse (DE-588)4047150-0 gnd Anlageberatung (DE-588)4002094-0 gnd Börseninformation (DE-588)4285509-3 gnd |
| topic_facet | Aktieanalys i pressen Kursschwankung Presse Anlageberatung Börseninformation Schweden Aufsatzsammlung Hochschulschrift |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=013077827&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV017643044 |
| work_keys_str_mv | AT lidenerik essaysoninformationandconflictsofinterestinstockrecommendations |