Word: madureira
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Dates: during 2009-2009
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...analyst is no longer more likely to issue a "buy" rating when his firm is doing investment banking business with the company he's covering-as used to be the case. "It's leveled the behavior on the optimistic side, and that seems like a good result," says Leonardo Madureira, a finance professor at Case Western Reserve University and one of the paper's authors. Analysts, though, are still much less likely to issue a "sell" rating on a company their firm has another connection to. That goes to show how difficult it can be to achieve impartiality. And with...
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