SSRN-Investor Inattention and the Underreaction to Stock Recommendations by Roger Loh

Talk about a fascinating article! Short version: event studies for stocks that are forgotten and out of the limelight show that the information content of a stock recommendation takes longer to "get in the price".SSRN-Investor Inattention and the Underreaction to Stock Recommendations by Roger Loh: "recommendation drift of firms with low prior turnover is more than double in magnitude compared