Security Analysts and Market Reaction:Caveat for Monitoring

Rama Prasad Kanungo ()

Finance from EconWPA

Abstract: Security analysts, analyst forecast and market reaction are anecdotal in restructuring transactions, sometime conflicting and some other time imperative to the process of transaction. This article attempts to highlight a consistent association between analyst, market reaction and corporate restructuring. A close intermediation between those themes is analysed in this article, implying the relationship is contiguous. However issues of delayed price adjustment, conglomerate stock break-ups and negative earnings surprises are not discussed in this paper, though such factors are ingeniously important and crucial to the process of corporate restructuring.

Keywords: Security Analysts; Forecasting and Agency Cost (search for similar items in EconPapers)
JEL-codes: G32 G34 G39 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-acc and nep-fin
Date: 2004-11-25
Note: Type of Document - pdf; pages: 12
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpfi:0411039

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