How Well do Analysts Predict Stock Prices? Evidence from Russia

Henry Penikas and Proskurin S.
Additional contact information
Proskurin S.: National Research University Higher School of Economics, Department of Finance

HSE Working papers from National Research University Higher School of Economics

Abstract: In this research we found that 56.8% of expert recommendations on selling or buying stocks of Russian companies were profitable. We show that the recommendations being publically released have an impact on stock prices, hence market players are likely to follow the recommendations. There also no difference in an analyst’s gender and almost no difference in the day the recommen-dation was made

Keywords: financial analyst; forecast (search for similar items in EconPapers)
JEL-codes: G32 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2013
New Economics Papers: this item is included in nep-cis, nep-for and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Published in WP BRP Series: Financial Economics / FE, October 2013, pages 1-10

Downloads: (external link)
http://www.hse.ru/data/2013/10/08/1280452250/18FE2013.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hig:wpaper:18/fe/2013

Access Statistics for this paper

More papers in HSE Working papers from National Research University Higher School of Economics
Bibliographic data for series maintained by Shamil Abdulaev () and Shamil Abdulaev ().