A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2019; you can also visit the original URL.
The file type is
Brazilian Business Review
The aim of this study was to analyze the association of learning and complexity in the target price forecasts and sell-side analysts' recommendations on the BM&FBovespa. The sample comprised forecasts of 195 stocks, 75 brokers and 569 analysts between 2005 and 2013, analyzed by linear models with panel data. Our results suggest that the experience with the stock, with the sector and complexity of the portfolio confirmed the learn by doing, but the overall experience showed contradictions due todoi:10.15728/bbr.2017.14.2.1 fatcat:cbgvocibsffvtopfwxtjnw7kqq