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Essay's paper info
| Topic: |
Literature
|
| Number of pages / Number of words: |
18 / 4844 |
Essay's paper body
Using a Logistic Regression of
recommendations on industry sectors, I investigate analysts' relative optimism for the
Internet stocks while controlling for their over-optimism for all stocks in general and
their relative optimism for IPO stocks in particular. The results suggest that during the
Internet Bubble period, financial analysts made relatively more optimistic
recommendations for the Internet stocks than for other stocks; this relative optimism is
specific to Internet stock and does not apply to other stocks in the high-tech sector...
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The results suggest that during the
Internet Bubble period, financial analysts made relatively more optimistic
recommendations for the Internet stocks than for other stocks; this relative optimism is
specific to Internet stock and does not apply to other stocks in the high-tech sector. To
further investigate the impact of this relative optimism, I use an OLS regression to
examine whether analysts' recommendations for the Internet stocks drove the prices of
these stocks...
Essay fragment
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