In a multiperiod investment framework, firms with high expected growth earn higher expected returns than firms with low expected growth, holding investment and expected profitability constant. This paper forms cross-sectional growth forecasts, and constructs an expected growth factor that yields...

Der vom Bundesministerium für Wirtschaft und Energie initiierte Fachdialog Ordnungsrahmen für die digitale Wirtschaft soll staatlichen Handlungsbedarf und staatliche Handlungsoptionen für die Etablierung eines kohärenten Ordnungsrahmens aufzeigen, der Wirtschaft und Gesellschaft einerseits...

According to PETWORLD financials, the year 2012 had seen a dip in sales, fewer people coming into its stores, and comparable store sales that were weaker than expected. Competition in the pet-care market was increasingly fierce with a variety of players, big and small, fighting for market share....

We introduce a return predictor related to the slope and curvature of the futures term structure: basis-momentum. Basis-momentum strongly outperforms benchmark characteristics in predicting commodity spot and term premiums in the time series and cross section. Exposure to basis-momentum is...

Equity returns are not very predictable despite the presence of many well-documented behavioral biases and risk factors. Why? We collect a comprehensive global dataset covering over 24,000 tradable equities and representing more than 99.9% of the market cap on developed exchanges. Analyzing...

Through Media.NYC.2020, launched in February 2009, NYCEDC set out to identify specifically what the challenges (and opportunities) facing New York's media sector are in order to secure NYC's place as an industry leader by 2020. Our year-long examination of the dynamics facing the sector drew...

The current second round distress in the Nigerian financial system within two decades is capable of causing a total systemic collapse of the entire Nigerian financial system (which includes the organs of the capital market). The approach of this article is not to look at AMCON alone as an...