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dc.contributor.authorRonnebro, Nils
dc.contributor.authorKajsjö, Carl
dc.date.accessioned2022-07-01T11:09:51Z
dc.date.available2022-07-01T11:09:51Z
dc.date.issued2022-07-01
dc.identifier.urihttps://hdl.handle.net/2077/72520
dc.description.abstractThis study examines the accuracy of buy recommendations in comparison to the actual outcome of the stock price. There are three main areas of interest in the study: 1) A comparison of the accuracy of buy recommendations between analysts and journalists. 2) Conduct an ongoing critical discussion about the credibility of buy recommendations, in order to convey existing problems with analysts who may have incentives to publish unreasonably high target prices. 3) Analyze how the stock market climate affects the accuracy of buy recommendations. The database Mediearkivet (provided by the university) is used to collect information regarding buy recommendations on stocks listed on the Swedish stock index OMXSMCPI. The return of these recommendations is then compared to the return of the index for the same time period. Furthermore, target prices given in the buy recommendations are analyzed. Lastly, buy recommendations are divided into periods that represent positive and negative stock market climate. The study finds that buy recommendations from both analysts and journalists yields a higher return than index for all time periods. Furthermore, both analysts and journalists tend to overestimate the stock prices by providing unreasonable high target prices. Lastly we can conclude that the stock market climate has no significant impact on the accuracy of buy recommendations.en_US
dc.language.isosween_US
dc.relation.ispartofseries202206:3010en_US
dc.titleKöprekommendationers träffsäkerhet på aktiepriset. en_US
dc.title.alternativeAccuracy of buy recommendations on the stock price. en_US
dc.typetext
dc.setspec.uppsokSocialBehaviourLaw
dc.type.uppsokM2
dc.contributor.departmentUniversity of Gothenburg/Department of Economics
dc.contributor.departmentGöteborgs universitet/Institutionen för nationalekonomi med statistik
dc.contributor.departmentUniversity of Gothenburg/Department of Business Administration
dc.contributor.departmentGöteborgs universitet/Företagsekonomiska institutionen
dc.type.degreeStudent essay


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