Do online stock recommendations add value to Malaysian stock brokerage customers? / Lai Ming Ming and Lau Siok Hwa
This paper examines online buy, sell, and hold recommendations provided by brokerage analysts in post dot-com bubble burst in Malaysia which has created the Multimedia Super Corridor. The results reveal significant value added factor of the online recommendations on stocks’ abnormal returns particul...
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| Main Authors: | , |
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| Format: | Article |
| Language: | en |
| Published: |
Accounting Research Institute (ARI) & Faculty of Accountancy
2006
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| Online Access: | https://ir.uitm.edu.my/id/eprint/280/1/AJ_LAI%20MING%20MING%20MAR%2006.pdf https://ir.uitm.edu.my/id/eprint/280/ https://mar.uitm.edu.my/ |
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| _version_ | 1833057857658945536 |
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| author | Lai, Ming Ming Lau, Siok Hwa |
| author_facet | Lai, Ming Ming Lau, Siok Hwa |
| author_sort | Lai, Ming Ming |
| building | Tun Abdul Razak Library |
| collection | Institutional Repository |
| content_provider | Universiti Teknologi Mara |
| content_source | UiTM Institutional Repository |
| continent | Asia |
| country | Malaysia |
| description | This paper examines online buy, sell, and hold recommendations provided by brokerage analysts in post dot-com bubble burst in Malaysia which has created the Multimedia Super Corridor. The results reveal significant value added factor of the online recommendations on stocks’ abnormal returns particularly on the release day. However, the very short-lived returns did not
continue through the incorporation period. Quarterly results of the firms
appear to be the most frequent rationale attributed for a recommendation
made by the analysts. We suggest that brokerage customers capitalise on the
advancement of information and communication technologies in their financial
decisions making. For the financial services firms, the online services would
be better integrated as part of the marketing strategies in enhancing customer
satisfaction. |
| format | Article |
| id | my.uitm.ir-280 |
| institution | Universiti Teknologi Mara |
| language | en |
| publishDate | 2006 |
| publisher | Accounting Research Institute (ARI) & Faculty of Accountancy |
| record_format | eprints |
| spelling | my.uitm.ir-2802017-10-20T04:10:37Z https://ir.uitm.edu.my/id/eprint/280/ Do online stock recommendations add value to Malaysian stock brokerage customers? / Lai Ming Ming and Lau Siok Hwa mar Lai, Ming Ming Lau, Siok Hwa This paper examines online buy, sell, and hold recommendations provided by brokerage analysts in post dot-com bubble burst in Malaysia which has created the Multimedia Super Corridor. The results reveal significant value added factor of the online recommendations on stocks’ abnormal returns particularly on the release day. However, the very short-lived returns did not continue through the incorporation period. Quarterly results of the firms appear to be the most frequent rationale attributed for a recommendation made by the analysts. We suggest that brokerage customers capitalise on the advancement of information and communication technologies in their financial decisions making. For the financial services firms, the online services would be better integrated as part of the marketing strategies in enhancing customer satisfaction. Accounting Research Institute (ARI) & Faculty of Accountancy 2006-10 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/280/1/AJ_LAI%20MING%20MING%20MAR%2006.pdf Do online stock recommendations add value to Malaysian stock brokerage customers? / Lai Ming Ming and Lau Siok Hwa. (2006) Malaysian Accounting Review <https://ir.uitm.edu.my/view/publication/Malaysian_Accounting_Review/>, 5 (2). pp. 85-96. ISSN 1675-4077 https://mar.uitm.edu.my/ |
| spellingShingle | Lai, Ming Ming Lau, Siok Hwa Do online stock recommendations add value to Malaysian stock brokerage customers? / Lai Ming Ming and Lau Siok Hwa |
| title | Do online stock recommendations add value to Malaysian stock brokerage customers? / Lai Ming Ming and Lau Siok Hwa |
| title_full | Do online stock recommendations add value to Malaysian stock brokerage customers? / Lai Ming Ming and Lau Siok Hwa |
| title_fullStr | Do online stock recommendations add value to Malaysian stock brokerage customers? / Lai Ming Ming and Lau Siok Hwa |
| title_full_unstemmed | Do online stock recommendations add value to Malaysian stock brokerage customers? / Lai Ming Ming and Lau Siok Hwa |
| title_short | Do online stock recommendations add value to Malaysian stock brokerage customers? / Lai Ming Ming and Lau Siok Hwa |
| title_sort | do online stock recommendations add value to malaysian stock brokerage customers? / lai ming ming and lau siok hwa |
| url | https://ir.uitm.edu.my/id/eprint/280/1/AJ_LAI%20MING%20MING%20MAR%2006.pdf https://ir.uitm.edu.my/id/eprint/280/ https://mar.uitm.edu.my/ |
| url_provider | http://ir.uitm.edu.my/ |