The impact of analyst sentiment on UK stock recommendations and target prices

Yukselturk, Osman; Tucker, Jon

doi:10.1080/00014788.2015.1044496

Cited by 7 publications

(2 citation statements)

References 89 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…They also show that when financial information is positive (negative), more attention is given to nonfinancial (financial statements) performance indicators. More recently, Yukselturk and Tucker () provide evidence on analysts' sentiment and recommendations.…”

Section: Literature Reviewmentioning

confidence: 99%

The use of information by financial analysts during a financial crisis

2019

View full text Add to dashboard Cite

This study examines the relevance of information set in sell-side analysts' publicly available reports during the recent financial crisis. Prior studies suggest that analysts use more nonfinancial than financial information to support stock recommendations but there is little academic research on what information is relevant to them during periods of serious economic stress. We analyzed 90 analysts' reports from three subperiods (a) precrisis (2006)(2007), (b) crisis (2007)(2008)(2009), and (c) postcrisis (2009)(2010). Our findings suggest that during the crisis period, analysts focus more on specific sets of information such as cost control and strength of management whereas in the noncrisis period they focus more on information related to earnings and market outlook. The importance of the interdependency of financial and nonfinancial information is evident in their recommendation especially in crisis and postcrisis period as we find joint use of both set of information to support their recommendations. We conclude that although nonfinancial information may have been used more frequently and jointly to support recommendations, it is financial information which ultimately guides analysts' recommendations both in good times and in bad. JEL classification codes: E44, G01, G15, G17.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

The use of information by financial analysts during a financial crisis

2019

View full text Add to dashboard Cite

show abstract

“…As Zyglidopoulos et al (2012) suggest, well-developed media environment can reduce the information collection cost of venture capitalists. By bringing together a range of information in a structured manner, welldeveloped media environment can further assist investors in making reasonable decisions (Kölbel et al, 2017;Yukselturk & Tucker, 2015). Thus, to study the latent power dynamics of VC, we must pay attention to media environment.…”

Section: Introductionmentioning

confidence: 99%

Media environment, venture capital, and technological innovation: Evidence from China

Shen

Zhu

et al. 2021

Manage Decis Econ

View full text Add to dashboard Cite

Informed by institutional embeddedness perspective, we examine how media environment as an informal institutional arrangement shapes technological innovation. Through an empirical examination of the panel data of 30 Chinese provinces from 2009 to 2019, we document a positive relationship between media environment and venture capital (VC). Our results also indicate VC positively affects technological innovation and media environment influences technological innovation through VC. Besides, we find subnational institutional development serves as a facilitator, while subnational state‐owned economy development is a burden, in influencing the positive linkage between VC and technological innovation. Finally, we provide valuable insights for technological innovation.

show abstract