The reputational effects of analysts' stock recommendations and credit ratings: evidence from operational risk announcements in the financial industry
(2017)
Journal Article
This paper investigates whether more favorable stock recommendations and higher credit ratings serve as a reputational asset or reputational liability around reputation-damaging events. Analyzing the reputational effects of operational risk announcem... Read More about The reputational effects of analysts' stock recommendations and credit ratings: evidence from operational risk announcements in the financial industry.