CFA Webinar
This webinar explores the role and relevance of analysts’ recommendations in global equity markets. The speakers draw on a comprehensive dataset covering 45 countries, 3.8 million firm-month observations, and 222 return anomalies over the period from 1994 to 2019.
The analysis examines how analysts’ recommendations interact with stock mispricing across international markets and whether their impact differs from established U.S.-based evidence. Particular attention is given to the relationship between recommendations and anomaly rankings, as well as to the market environments in which analyst insights may be especially informative for investors.
By taking a global perspective, the webinar provides new insights into how analysts’ recommendations function across markets with varying levels of development and degrees of individualism, offering valuable perspectives for academics and practitioners alike.
