Mokoaleli-Mokoteli, Thabang; Taffler, Richard J.; … - In: Journal of Business Finance & Accounting 36 (2009-04) 3-4, pp. 384-418
This paper tests whether sell-side analysts are prone to behavioural errors when making stock recommendations as well as the impact of investment banking relationships on their judgments. In particular, we analyse their report narratives for evidence of cognitive bias. We find first that new buy...