This paper measures the performance of a Latent Class CBC model with aggregate real world scanning data.

This paper investigates the determinants of European financial analysts' forecasts differential accuracy.

This paper investigates the relative performance of local and foreign financial analysts on Latin American emerging markets.

The seminal study by Fama and MacBeth (1973) initiated a stream of papers testing for the cross-sectional relation between return and risk. The debate wether beta is a valid measure of risk has been renimated by Fama and French (1992) and subsequent studies.(...)

We used neural-network based modelling to generalize the linear econometric return models and compare their out-of-sample predictive ability in terms of different performance measures under three density specifications.(...)

Empirical research documents that temporary trends in stock pricemovements exist. Moreover, riding a trend can be a profitable investment strategy. (...)

This paper argues for a new conceptualisation of strategic foresight.Drawing on the philosophical concepts of 'anticipating critique' by Paul Feyerabend and 'occasional reason' by Helmut Spinner this paper tries to show how an new openness can be accomplished.

This paper analytically investigates the credibility of managerial forecast disclosure introducing a game theoretic perspective by extracting robust implications from disclosure models.

This study analyzes the accuracy of forecasted target prices within analysts’ reports. We compute a measurefor target price forecast accuracy that evaluates the ability of analysts to exactly forecast the ex-ante (unknown)12-month stock price. Furthermore, we determine factors that explain...