*Investors' Greed and Fear: An Event Study of Analyst Recommendations DOI: http://dx.doi.org/10.5772/intechopen.107187*

Our study complements prior literature on investor sentiment and financial markets. Han [17] documents a relation between index risk-neutral skewness [36] and investor sentiment, suggesting that the impact of investor sentiment is economically significant. With the development of various skewness measures, such as realize skewness [37], average skewness [38], systematic and idiosyncratic skewness [39], and other types of skewness [40], one of potential research directions could be examining these skewness measures in proxying investor sentiment and investors' behavior. Moreover, linking different skewness measures to a variety of corporate events (e.g., earnings announcements, dividend announcements, mergers, and acquisitions) and different stock exchanges is also worthwhile since difference skewness measures may incorporate different information, which provides useful insights for investors in making investment decisions.
