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Investors’ Reliance on Analysts’ Stock Recommendations and Mitigating Mechanisms for Potential Overreliance


  •  Accepted by Susan Krische. We appreciate comments from anonymous referees, Susan Krische (editor), Laureen Maines, and workshop participants at Wilfrid Laurier University and the May 2008 Research Symposium in honor of Michael Gibbins held at the University of Alberta. We also thank study participants from the Securities Investors Association (Singapore) and Nanyang Technological University. Financial support from the Singapore Ministry of Education Academic Research Fund is gratefully acknowledged.