In this study, we analyse empirically a competency model. We assert that the emotional intelligence (EI) model may not be the best way of grouping managerial competencies and we propose a new way of embedding competencies within a motivational domain. We build on McClelland's concept of motives...

The outcomes of many activities depend upon both skill and luck. We analyze stock analysts' forecasts of companies' earnings per share under market conditions that vary in volatility and thus imply different levels of luck in outcomes. Noting that making forecasts that deviate widely from the...

We study the risk-taking behavior of stock analysts under varying market conditions. We examine how the risk analysts take by providing bold forecasts that deviate from consensus depends on the degree of uncertainty in the environment as well as the analysts' skill level. We provide evidence...