How useful are the equity analysts’ report? evidence from Malaysia

Using 657 Malaysian sell-side analyst recommendations from January 2010 until December 2015, this paper documents the usefulness of equity analyst reports to investors. The research findings revealed that target price and earnings forecast had a significant association with stock return. However,...

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Main Authors:	Mohd Thas Thaker, Hassanudin, Mohamad, Azhar, Mustaffa Kamil, Nazrol Kamil, Duasa, Jarita
Format:	Article
Language:	English
Published:	HIKARI Ltd. 2018
Subjects:	HD2321 Industry HG Finance HG4001 Financial management. Business finance. Corporation finance.
Online Access:	http://irep.iium.edu.my/65915/ http://irep.iium.edu.my/65915/ http://irep.iium.edu.my/65915/ http://irep.iium.edu.my/65915/1/65915_How%20Useful%20Are%20the%20Equity.pdf

id	iium-65915
recordtype	eprints
spelling	iium-659152018-09-25T13:00:55Z http://irep.iium.edu.my/65915/ How useful are the equity analysts’ report? evidence from Malaysia Mohd Thas Thaker, Hassanudin Mohamad, Azhar Mustaffa Kamil, Nazrol Kamil Duasa, Jarita HD2321 Industry HG Finance HG4001 Financial management. Business finance. Corporation finance. Using 657 Malaysian sell-side analyst recommendations from January 2010 until December 2015, this paper documents the usefulness of equity analyst reports to investors. The research findings revealed that target price and earnings forecast had a significant association with stock return. However, trading volume was shown to have an insignificant relationship with the return. Overall, our results indicate that the information content in the analyst report contained only 66.67% explanatory vis a vis stock return and only target price and earnings forecast were useful. This paper is expected to add value in enriching the literature available on analyst report especially in the context of Malaysian market. HIKARI Ltd. 2018 Article PeerReviewed application/pdf en http://irep.iium.edu.my/65915/1/65915_How%20Useful%20Are%20the%20Equity.pdf Mohd Thas Thaker, Hassanudin and Mohamad, Azhar and Mustaffa Kamil, Nazrol Kamil and Duasa, Jarita (2018) How useful are the equity analysts’ report? evidence from Malaysia. Reports on Economics and Finance, 4 (4). pp. 221-246. E-ISSN 2367-7805 http://www.m-hikari.com/ref/ref2018/ref1-4-2018/p/thakerREF1-4-2018-2.pdf 10.12988/ref.2018.8721
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HD2321 Industry HG Finance HG4001 Financial management. Business finance. Corporation finance.
spellingShingle	HD2321 Industry HG Finance HG4001 Financial management. Business finance. Corporation finance. Mohd Thas Thaker, Hassanudin Mohamad, Azhar Mustaffa Kamil, Nazrol Kamil Duasa, Jarita How useful are the equity analysts’ report? evidence from Malaysia
description	Using 657 Malaysian sell-side analyst recommendations from January 2010 until December 2015, this paper documents the usefulness of equity analyst reports to investors. The research findings revealed that target price and earnings forecast had a significant association with stock return. However, trading volume was shown to have an insignificant relationship with the return. Overall, our results indicate that the information content in the analyst report contained only 66.67% explanatory vis a vis stock return and only target price and earnings forecast were useful. This paper is expected to add value in enriching the literature available on analyst report especially in the context of Malaysian market.
format	Article
author	Mohd Thas Thaker, Hassanudin Mohamad, Azhar Mustaffa Kamil, Nazrol Kamil Duasa, Jarita
author_facet	Mohd Thas Thaker, Hassanudin Mohamad, Azhar Mustaffa Kamil, Nazrol Kamil Duasa, Jarita
author_sort	Mohd Thas Thaker, Hassanudin
title	How useful are the equity analysts’ report? evidence from Malaysia
title_short	How useful are the equity analysts’ report? evidence from Malaysia
title_full	How useful are the equity analysts’ report? evidence from Malaysia
title_fullStr	How useful are the equity analysts’ report? evidence from Malaysia
title_full_unstemmed	How useful are the equity analysts’ report? evidence from Malaysia
title_sort	how useful are the equity analysts’ report? evidence from malaysia
publisher	HIKARI Ltd.
publishDate	2018
url	http://irep.iium.edu.my/65915/ http://irep.iium.edu.my/65915/ http://irep.iium.edu.my/65915/ http://irep.iium.edu.my/65915/1/65915_How%20Useful%20Are%20the%20Equity.pdf
first_indexed	2023-09-18T21:33:32Z
last_indexed	2023-09-18T21:33:32Z
_version_	1777412668997500928

How useful are the equity analysts’ report? evidence from Malaysia

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