Market Response to Value Line OTC Special Situations Service Recommendations

Authors

  • Ronald C. Rogers University of South Carolina
  • Rodney L. Roenfeldt University of South Carolina
  • James E. Owers University of Massachusetts

DOI:

https://doi.org/10.1016/1057-0810(91)90042-W

Abstract

This study examines both the information content and investment perform- ance of The Value Line OTC Special Situations Service (VLSSS) recommendations. The results indicate that the buy and sell recommendations provide significant positive and negative two day abnormal returns, respectively, around the announce- ment of the recommendation. No evidence is found, however, of positive abnormal investment performance from portfolios selected based on the recommendations. Quarterly JoumaZofBusiness and Economics, Vol. 30, No. 3 (Summer 1991), pp. 88-103. (Reprinted with permission of the Quarterly Journal of Business and Economics.)

Published

1991-12-30

How to Cite

Rogers , R. C., Roenfeldt, R. L., & Owers , J. E. (1991). Market Response to Value Line OTC Special Situations Service Recommendations. Financial Services Review, 1(2), 181. https://doi.org/10.1016/1057-0810(91)90042-W

Issue

Vol. 1 No. 2 (1991): Financial Services Review

Section

Abstracts of Articles on Individual Financial Management

License

Copyright (c) 1991 JAI Press Inc.

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