The reputational effects of analysts' stock recommendations and credit ratings: evidence from operational risk announcements in the financial industry
(2017)
Journal Article
Barakat, A., Ashby, S., & Fenn, P. (2018). The reputational effects of analysts' stock recommendations and credit ratings: evidence from operational risk announcements in the financial industry. International Review of Financial Analysis, 55, https://doi.org/10.1016/j.irfa.2017.10.011
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.