Views
68
Downloands
30
The purpose of this study is to examine the impact of analysts` recommendations on the stock prices of the listed companies in Borsa Istanbul. Secondary aim of this study is to investigate whether the market is semi-strong form efficient. Using the event study analysis, it is revealed that there is a significant relationship between analysts’ recommendations and stock prices in the short term and it is possible to earn abnormal returns in the post- event period. Existence of abnormal returns in the short term after the announcement and absence of any price reversals during the 15 days post-event period indicate that the market is not semi-strong form efficient.
Field : Sosyal, Beşeri ve İdari Bilimler
Journal Type : Uluslararası
Article Detail 
Similar Articles
Journal Information
Listen Paper
Cite
Print This Page
Share
Mendeley