Enron and Stock Analyst Objectivity

Shorter, Gary

Library of Congress. Congressional Research Service.

关键词: Finance;    Financial services;    Securities fraud;    Brokers;   

RP-ID  :  RL31348
RP-ID  :  RL31348_2003Jan29

美国|英语

来源: UNT Digital Library

【 摘 要 】

Stock analysts provide research on companies and make recommendations on their stocks. When analysts are employed by brokerage firms and provide information for the firms’ retail and institutional clients, they are called sell-side analysts. Analysts who work specifically for institutional investors like mutual and pension funds are known as buy-side analysts. Because of their widespread presencein the national media, sell-side analysts’ recommendations have become part of the public domain and they can have significant influence on stock prices. This report examines the performance of the stock analysts in the Enron case.