We constructed forecasts of earnings forecasts using data on 406 firms and forecasts made by 5419 individuals with on average 25 forecasts per individual. We verified previously found predictors, which are the average of the most recent available forecast for each forecaster and the difference...

An analysis of about 300000 earnings forecasts, created by 18000 individual forecasters for earnings of over 300 S&P listed firms, shows that these forecasts are predictable to a large extent using a statistical model that includes publicly available information. When we focus on the...

Bei der Verbreitung populärer Managementkonzepte, wie z. B. TQM oder Lean Management, wurde bislang Unternehmensberatungen und „Managementgurus“ eine entscheidende Rolle zugewiesen. Kapitalmarktakteure hatte bislang kaum jemand auf der Rechnung, obwohl Investoren und Finanzanalysten...

We propose an empirically motivated financial market model in which speculators rely on trend-following, contrarian and fundamental trading rules to determine their orders. Speculators' probabilistic rule-selection behavior - the only type of randomness in our model - depends on past and future...