; trading strategy ; profitability of recommendations … recommendation profitability (Loh and Mian (2006)). Differentiating between "able" and "lucky" analysts we suggest an implementable …, i.e. look-ahead bias free, trading strategy that yields annual excess returns of 11.5% before transactions costs during …

We provide evidence of an inherent trade-off between access regulation and investment incentives in telecommunications … accommodates: different investment incentives for incumbents and entrants; a strategic interaction of entrants' and incumbents … investment. Thus promoting market entry by means of regulated access undermines incentives to invest in facilities …

are more likely to enter foreign markets by means of foreign direct investment. We combine detailed proprietary bank …

phenomena, attention is paid to the role of profitability as a driver of productivity and investment and global hegemony as a …A new world order is taking shape as a result of the relative decline of the United States (US) and other Western … driver of international resource transfers. Particular attention is paid to an empirical analysis of the profitability of the …