Farooq, Omar; Id Ali, Latifa - In: International Journal of Islamic and Middle Eastern … 7 (2014) 3, pp. 258-276
Purpose – The purpose of this paper is to document performance of analysts’ recommendations in the Middle East and … (negative) returns following buy (sell) recommendation will indicate value relevance of these recommendations. Findings – The … authors show that analysts’ buy recommendations have significant information in them, while their sell recommendations contain …