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A qualitative inquiry into the issues of information content of analysts' report: Evidence from Malaysia

Thas Thaker, Hassanudin Mohd and Mohamad, Azhar and Omar, Azura and Mustaffa Kamil, Nazrol Kamil and Duasa, Jarita (2017) A qualitative inquiry into the issues of information content of analysts' report: Evidence from Malaysia. Labuan Bulletin of International Business and Finance, 15. pp. 1-21. ISSN 1675-7262 E-ISSN 2600-7894

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Analyst report is one of the reference sources available to investors in enhancing their decision-making process of investment. Analyst report plays a significant role in recommending shares and disseminating market information to the investor. However, in the context of Malaysia, the analyst report tends to over-rely on quantitative information and statistical analyses in producing recommendations to investors. As a result, analyst report is deemed to have less predictive power from investors’ perspective. Using a semi-structured interview, we investigate the informational content of analyst report in Malaysia by conducting an in-depth interview with six respondents from institutional and retail investors. The findings from the interview reveal that the analyst report in Malaysia tends to disclose information based on simple statistical analyses to formulate recommendations, and tends to ignore other significant qualitative information. This study adds to the current literature by proposing an adaption of both quantitative and qualitative information as the mode of informational disclosure in the analyst report.

Item Type: Article (Journal)
Additional Information: 3334/62241
Uncontrolled Keywords: Analyst report; Qualitative information; Interview method; Malaysia
Subjects: H Social Sciences > HG Finance > HG4501 Stocks, investment, speculation
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): Kulliyyah of Economics and Management Sciences > Department of Finance
Depositing User: Dr. Nazrol Kamil Mustaffa Kamil
Date Deposited: 02 Mar 2018 09:55
Last Modified: 22 Mar 2018 12:49
URI: http://irep.iium.edu.my/id/eprint/62241

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