Zhang, Chenyu; Qian, Aimin; Shi, Xiangyan - In: China journal of accounting research : CJAR 13 (2020) 1, pp. 79-107
We use the share pledge context in China to examine how affiliated analysts whose securities companies are pledgees of … than those of non-affiliated analysts, and they are more likely to issue Buy and Add recommendations, suggesting that they … firms both began and ended. These affiliated analysts continue to issue optimistic stock recommendations after visiting the …
