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Information content of analysts' report: a literature survey

Mohd Thas Thaker, Hassanudin and Mohamad, Azhar and Mustaffa Kamil, Nazrol Kamil and Duasa, Jarita (2018) Information content of analysts' report: a literature survey. Etikonomi, 17 (1). pp. 135-152. ISSN 1412-8969

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Abstract

The objective of this paper is to survey the literature on information content of analyst report from three important dimensions, namely, target price, earnings forecast and trading volume. The methodology employed is following the qualitative approach by reviewing and examining the past literature from the view of theoretical and empirical researches. 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 in terms of 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 is still remain unambiguous when making investment decision. This study is expected to enrich the existing literature in the area of analyst report and propose several areas for future researches related to this topic.

Item Type: Article (Journal)
Additional Information: 3334/62257
Uncontrolled Keywords: Information content; Analyst report; Literature survey
Subjects: H Social Sciences > HG Finance > HG4501 Stocks, investment, speculation
Kulliyyahs/Centres/Divisions/Institutes: Kulliyyah of Economics and Management Sciences > Department of Finance
Depositing User: Dr. Nazrol Kamil Mustaffa Kamil
Date Deposited: 03 Oct 2018 08:44
Last Modified: 03 Oct 2018 08:44
URI: http://irep.iium.edu.my/id/eprint/62257

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