The relationship among firm size,E/P,and share price anomalies: NASDAQ stocks versus NYSE and AMEX stocks

Numerous studies document stock return anomalies as they relate to firm size, earnings-price ratios, and share price. The causes of these anomalies have not been adequately explained. This study provides additional information in this area by examining the relationships among the anomalies for NASDAQ traded stocks and those for NYSE and AMEX stocks. The results suggest that the relationships among the anomalies are not constant across the two groups of stocks. The anomalies are different for NASDAQ stocks than for NYSE and AMEX stocks.     

Isolating the Information Content of Equity Analysts' Recommendation Changes,Post Reg FD

We investigate the information content of equity analysts' recommendation changes subsequent to the passage of Regulation Fair Disclosure. We find that analyst upgrades (downgrades) are associated with positive (negative) abnormal returns. Overall, stock prices tend to react significantly more strongly to recommendation changes accompanied by news events than to those that are not. Even so, returns around recommendation changes not accompanied by news are significantly different from zero. This result holds after controlling for firm‐specific variables and the incidence of multiple simultaneous recommendation changes. We conclude that analyst recommendation changes, in and of themselves, are informative.     

Management priorities of digital health service start-ups in California

International Entrepreneurship and Management Journal - Digitalisation has revolutionised health service delivery, which has provided global business opportunities for start-ups that specialise in...