Do conflicts of interests affect analysts'
forecasts ans recommendations ? A survey
Résumé
This chapter reviews the literature devoted to conflicts of interest in the financial analysis industry. First, we identify the factors that may exacerbate and those that may mitigate analysts' conflicts of interest. Then, we investigate the empirical evidence relating to the economic consequences of these potential conflicts. Last, we analyse the effectiveness of the new regulations aimed at moderating analysts' conflicts of interests and we make some suggestions concerning future research.
Domaines
Gestion et management
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