Opening book details…
Can I read The Greater the Volume, the Greater the Analyst on EtoBox?
The Greater the Volume, the Greater the Analyst by Egle Karmaziene is a Economics, Econometrics and Finance article available to read on EtoBox.
What is The Greater the Volume, the Greater the Analyst about?
Are sell-side security analysts paid for turnover-generating research? Using hand-collected annual income data from tax records in Sweden for the 1997-2007-year period, I show that analysts’ compensations increase in the trading turnover that their recommendations generate. Analysts are paid 0.002 % of broker-trading volume, or approximately 1 % of broker’s commission revenues. The findings empirically validate the previously assumed turnover-compensation link and estimate its magnitude. The results may have policy implications related to the Markets in Financial Instruments Directive.
Who reads The Greater the Volume, the Greater the Analyst?
It is typically read by researchers, students, and practitioners in Economics, Econometrics and Finance.
- Author
- Egle Karmaziene
- Publisher
- Elsevier BV
- Published
- 2023
- Language
- EN
- Field
- Economics, Econometrics and Finance (Social Sciences)