Information content of analysts' report: A literature survey

Mohd Thas Thaker, Hassanudin * and Mohamad, A. and Mustaffa Kamil, N. K. and Duasa, J. (2018) Information content of analysts' report: A literature survey. Etikonomi, 17 (1). pp. 135-152. ISSN 1412-8969

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Official URL: http://doi.org/10.15408/etk.v17i1.6669

Abstract

The objective of this paper is to survey the literature on the information content of analyst report from three essential dimensions, namely, target price, earnings forecast and trading volume. The method employed is following the qualitative approach by reviewing and examining the past literature from the view of theoretical and empirical researchers. The initial result from existing literature, reveals that the research in analyst report mainly focused on empirical research rather than theoretical perspective. Secondly, there no clear consensus on the consistency of results regarding how well the information contents involving target price, earnings forecast and trading volume influencing the stock return. Thus, the views whether analyst report transmitting information to the investors still remain unambiguous when making an investment decision. This study is expected to enrich the existing literature in the area of analyst report and propose several areas for future researchers related to this topic.

Item Type: Article
Uncontrolled Keywords: information content; analyst report; literature survey
Subjects: H Social Sciences > HF Commerce
Divisions: Others > Non Sunway Academics
Sunway University > Sunway University Business School > Dept. Economics & Finance
Depositing User: Dr Janaki Sinnasamy
Related URLs:
Date Deposited: 29 Sep 2020 02:56
Last Modified: 07 Oct 2020 04:09
URI: http://eprints.sunway.edu.my/id/eprint/1385

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