%0 Journal Article
	%A Chih-Hsiang Chang and  Liang-Chien Lee and  Shu-Ling Wu
	%D 2012
	%J International Journal of Economics and Management Engineering
	%B World Academy of Science, Engineering and Technology
	%I Open Science Index 66, 2012
	%T The Investors- Reaction to Investment Rating Change Announcements
	%U https://publications.waset.org/pdf/14598
	%V 66
	%X This study investigates the investors- behavioral
reaction to the investment rating change announcements from the
views of behavioral finance. The empirical results indicate that
self-interest does affect the intention of securities firms to release
investment ratings for individual stocks. In addition, behavioral
pitfalls are also found in the response of retail investors to investment
rating change announcements.
	%P 1135 - 1140