Jiang, George J.; Lu, Liangliang; Zhu, Dongming - In: Pacific-Basin Finance Journal 29 (2014) C, pp. 1-17
The Chinese stock market has witnessed a dramatic increase of analyst coverage over the past years. While analyst … generally weaker than to upgrades in the Chinese stock market. We examine two hypotheses, one related to short-sale restriction … relatively weaker market reactions to downgrades in the Chinese stock market. Finally, we show that the added value of revisions …