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Three essays on stock recommendations

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TypeOfResource
Text
TitleInfo (ID = T-1)
Title
Three essays on stock recommendations
SubTitle
PartName
PartNumber
NonSort
Identifier (displayLabel = ); (invalid = )
ETD_1754
Identifier (type = hdl)
http://hdl.rutgers.edu/1782.2/rucore10002600001.ETD.000051320
Language (objectPart = )
LanguageTerm (authority = ISO639-2); (type = )
eng
Genre (authority = marcgt)
theses
Subject (ID = SBJ-1); (authority = RUETD)
Topic
Management
Subject (ID = SBJ-2); (authority = ETD-LCSH)
Topic
Stocks--Forecasting
Subject (ID = SBJ-3); (authority = ETD-LCSH)
Topic
Investment analysis
Abstract
This dissertation studies stock recommendations made by columnists and financial analysts. The first essay examines the value and profitability of columnist recommendations published in the Business Week, Forbes and Fortune magazines. Empirical results show that columnist recommendations are not profitable in the short- or long-run controlling for market risk, book-to-market, size and momentum effects. The second essay examines the relation between the value of analysts’ recommendations and corporate research and development (R&D) investments. Univariate, calendar-time portfolio and cross-sectional analyses controlling for risk, business complexity, earnings value-relevance, analyst coverage, institutional ownership and bid-ask spread indicate the value of analysts’ recommendations to be significantly more valuable for firms that are more intensely engaged in R&D investments. The final essay, using stock recommendations, examines Regulation FD’s impact on corporate practice of earnings-related selective disclosure to financial analysts. The comparative analysis of the association between analysts’ revisions and subsequent earnings surprises, in the pre- and post- Regulation FD periods reveals a significant reduction in analysts’ earnings-related private information in the post-Regulation FD period.
PhysicalDescription
Form (authority = gmd)
electronic resource
Extent
x, 138 p. : ill.
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application/pdf
InternetMediaType
text/xml
Note (type = degree)
Ph.D.
Note (type = bibliography)
Includes bibliographical references (p. 130-137)
Note (type = statement of responsibility)
by Ari Yezegel
Name (ID = NAME-1); (type = personal)
NamePart (type = family)
Yezegel
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Ari
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1981
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author
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Ari Yezegel
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Palmon
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Dan
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chair
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Advisory Committee
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Dan Palmon
Name (ID = NAME-3); (type = personal)
NamePart (type = family)
Sudit
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Ephraim
Role
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internal member
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Advisory Committee
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Ephraim F. Sudit
Name (ID = NAME-4); (type = personal)
NamePart (type = family)
Kleinman
NamePart (type = given)
Gary
Role
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internal member
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Advisory Committee
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Gary Kleinman
Name (ID = NAME-5); (type = personal)
NamePart (type = family)
El-Gazzar
NamePart (type = given)
Samir
Role
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outside member
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Advisory Committee
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Samir M. El-Gazzar
Name (ID = NAME-1); (type = corporate)
NamePart
Rutgers University
Role
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degree grantor
Name (ID = NAME-2); (type = corporate)
NamePart
Graduate School - Newark
Role
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school
OriginInfo
DateCreated (point = ); (qualifier = exact)
2009
DateOther (qualifier = exact); (type = degree)
2009-05
Place
PlaceTerm (type = code)
xx
RelatedItem (type = host)
TitleInfo
Title
Rutgers University Electronic Theses and Dissertations
Identifier (type = RULIB)
ETD
RelatedItem (type = host)
TitleInfo
Title
Graduate School - Newark Electronic Theses and Dissertations
Identifier (type = local)
rucore10002600001
Location
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NjNbRU
Identifier (type = doi)
doi:10.7282/T3FN16DX
Genre (authority = ExL-Esploro)
ETD doctoral
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Rights

RightsDeclaration (AUTHORITY = GS); (ID = rulibRdec0006)
The author owns the copyright to this work.
Copyright
Status
Copyright protected
Notice
Note
Availability
Status
Open
Reason
Permission or license
Note
RightsHolder (ID = PRH-1); (type = personal)
Name
FamilyName
Yezegel
GivenName
Ari
Role
Copyright holder
Telephone
Address
Email
ContactInformationDate
RightsEvent (ID = RE-1); (AUTHORITY = rulib)
Type
Permission or license
Label
Place
DateTime
Detail
AssociatedEntity (ID = AE-1); (AUTHORITY = rulib)
Role
Copyright holder
Name
Ari Yezegel
Affiliation
Rutgers University. Graduate School - Newark
AssociatedObject (ID = AO-1); (AUTHORITY = rulib)
Type
License
Name
Author Agreement License
Detail
I hereby grant to the Rutgers University Libraries and to my school the non-exclusive right to archive, reproduce and distribute my thesis or dissertation, in whole or in part, and/or my abstract, in whole or in part, in and from an electronic format, subject to the release date subsequently stipulated in this submittal form and approved by my school. I represent and stipulate that the thesis or dissertation and its abstract are my original work, that they do not infringe or violate any rights of others, and that I make these grants as the sole owner of the rights to my thesis or dissertation and its abstract. I represent that I have obtained written permissions, when necessary, from the owner(s) of each third party copyrighted matter to be included in my thesis or dissertation and will supply copies of such upon request by my school. I acknowledge that RU ETD and my school will not distribute my thesis or dissertation or its abstract if, in their reasonable judgment, they believe all such rights have not been secured. I acknowledge that I retain ownership rights to the copyright of my work. I also retain the right to use all or part of this thesis or dissertation in future works, such as articles or books.
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Technical

ContentModel
ETD
MimeType (TYPE = file)
application/pdf
MimeType (TYPE = container)
application/x-tar
FileSize (UNIT = bytes)
614400
Checksum (METHOD = SHA1)
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