___

• Abarbanell, J. S. (1991). Do Analysts’ Earnings Forecast Incorporate Information in Prior Stock Price Changes?. Journal of Accounting and Economics, 14(2), 147-165.
• Altınkılıç, O., Balashov V. S. ve Hansen R. S. (2013). Are Analysts’ Forecasts Informative to The General Public?. Management Science, 59(11), 2550-2565.
• Barniv, R. R., Chen, M. ve Li, W., (2020). The Market Reaction to Analyst Stock Recommendation and Earnings Forecast Consistency: International Evidence. Journal of International Accounting, Auditing and Taxation, 39, 1-18.
• Berkman, H. ve Yang, W., (2019). Country-Level Analyst Recommendations and International Stock Market Returns. Journal of Banking and Finance, 103, 1-17.
• Casey, R. J. (2013). Do Independent Research Analysts Issue More or Less Informative Recommendation Revisions?”. Advances in Accounting, Incorporating Advances in International Accounting, 29(1), 36-49.
• Crawford, S., Gray, W. R., Johnson, B. ve Price, R. A. (2012). Do Buy-Side Recommendations Have Investment Value?”,. AFA 2013 San Diego Meetings Paper.
• Fang, Lily ve Yasuda, Ayako (2014). Are Stars’ Opinions Worth More? The Relation Between Analyst Reputation and Recommendation Values, Journal of Financial Services Research, 46(3), 235-269.
• Farooq, Omar (2008). Financial Crisis and Performance of Analysts’ Recommendations: Evidence from Asian Emerging Markets, Finland Publications of the Swedish School of Economics and Business Administration, 181.
• Fjeldsted, Julius (2005). Do Analysts and Financial Journalists Provide Value- Added Information to Private Investors?, Yayınlanmamış Yüksek Lisans Tezi, Aarhus School of Business.
• Groysberg, B., Healy, P. M., Chapman, C. J., Shanthikumar, D. M., ve Gui, Y. (2007). Do Buy-side Analysts Out-perform The Sell-side?. Available at SSRN: http://dx.doi.org/10.2139/ssrn.806264
• He, P. W., Grant, A., & Fabre, J. (2013). Economic Value of Analyst Recommendations in Australia: An Application of The Black–Litterman Asset Allocation Model”, Accounting and Finance, 53(2), 441-470.
• Ho, T., Nguyen, Y., Parikh, B., & Vo, D. T. (2020). Does Foreign Exchange Risk Matter To Equity Research Analysts When Forecasting Stock Prices? Evidence from U.S. Firms”, International Review of Financial Analysis, 72, 1-13.
• Hobbs, J. ve Singh, V. (2015). A Comparison of Buy-side and Sell-side Analysts, Review of Financial Economics, 24(C), 42-51.
• Jegadeesh, N., Kim, J., Krische, S. D., & Lee, C. M. (2004). Analyzing The Analysts: When Do Recommendations Add Value?”, The Journal Of Finance, 59(3), 1083-1124.
• Johansson, J. (2007). Sell-side Analysts’ Creation of Value-Key Roles and Relational Capital, Journal of Human Resource Costing & Accounting, 11(1), 30-52.
• Leela, L. ve Shanmugham, R. (2014). A Study on Analysts’ Recommendations and Stock Price Performance: An Empirical Study, International Research Journal of Business and Management, 3, 11-31.
• Li, K. K. ve You, H. (2015). What is The Value of Sell-side Analysts? Evidence from Coverage Initiation, Journal of Accounting and Economics, 60(2), 141-160.
• Lin, M. C. (2018). The Effect of 52 Week Highs and Lows on Analyst Stock Recommendations, Accounting and Finance, 58(1), 375-422.
• Marinelli, C. ve Weissensteiner, A. (2014). On the Relation Between Forecast Precision and Trading Profitability of Financial Analysts, Journal of Financial Markets, 20, 39-60.
• Martinez, A. L. (2010). Analysts’ Recommendatıons and Stock Performance: An Empirical Study of Brazilian Public Companies, Advances in Scientific and Applied Accounting, 3(1), 90-108.
• Michaely, R. ve Womack, K. L. (1999). Conflict of Interest and The Credibility of Underwriter Analyst Recommendations, Review of Financial Studies, 12(4), 653-686.
• Mishkin, F. S. (2004). Policy Remedies for Conflicts of Interest in the Financial System, Macroeconomics, Monetary Policy and Financial Stability, 1. Baskı içinde (217-240), Bank of Canada, Ottawa.
• Newsome, J. P. (2005). Ethical Issues Facing Stock Analysts, The Geneva Papers on Risk and Insurance. Issues and Practice, 30(3), 451-466.
• Park, S. J. ve Park, K. Y. (2019). Can Investors Profit from Security Analyst Recommendations?, Finance Research Letters, 30, 403-413.
• Sirignano, M. F. (2004). Conflict of Interest Between Investment Banking and Stock Analysis: Effects of Regulation on the Behavior of Investment Banks, Williams College Economics, Williamstown.
• Soucek, M. ve Wasserek, T. (2014). Impact of Analyst Recommendations on Stock Returns: Evidence from the German stock market, European University Department of Business Administration and Economics Discussion Papers, 358.
• Spindler, J. C. (2004). Conflict or Credibility: Analyst Conflicts of Interest and the Market for Underwriting Business, John M. Olin Program in Law and Economics Working Paper, 215.
• Stickel, S. E. (1992). Reputation and Performance Among Security Analysts, Journal of Finance, 47(5), 1811-1836.
• Su, C., Zhang, H., Bangassa, K., & Joseph, N. L. (2019). On The Investment Value of Sell-Side Analyst Recommendation Revisions in The UK, Review of Quantitative Finance and Accounting, 53(1), 257-293.
• Şahin, Y. (2020). Finansal Analist Hedef Fiyat Tahminleri ve Finansal Tavsiyelerin Analizi: Borsa İstanbul Örneği. (Yayımlanmamış Doktora Tezi). Karadeniz Teknik Üniversitesi Sosyal Bilimler Enstitüsü, Trabzon.
• Walter, I. (2004). Conflicts of Interest and Market Discipline Among Financial Service Firms, European Management Journal, 22(4), 361-376.